London, 20 March - Neftegaz.RU. Petrofac announced that it has signed a binding letter of intent, for a contract worth around $580 million with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project.
E. S. Sathyanarayanan, Group Managing Director, Engineering & Construction, commented: «Petrofac has a very strong record of project execution in the GCC. This latest contract award further cements our footprint in our core markets, and we look forward to delivering a safe and successful project.»
Specific details in relation to the project remain confidential at this time and additional information will be announced in due course.