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Petrofac secured long-term framework with petroleum development Oman

Petrofac will provide a range of engineering services on major oil and gas projects as part of a 10-year deal.


Petrofac reported on June 8, 2017, that the company will provide a range of engineering services on major oil and gas projects for Petroleum Development Oman (PDO) as part of a 10-year deal.

 

Petrofac is already working on 2 projects for PDO following the $1.2billion award in March 2014 for the Rabab Harweel Integrated Project and the $900million award in June 2015 for the Yibal Khuff project.

 

The new framework agreement, which has an option for a 5-year extension, will be managed from Petrofac’s Muscat office.

 

Craig Muir, group managing director, engineering and production services, Petrofac said: «This is a landmark agreement between our 2 companies and marks a new level of collaboration between PDO and Petrofac. It builds upon a long-standing relationship which spans more than 2 decades and encompasses a significant number of projects undertaken in Oman on both a lump-sum and reimbursable basis.»

 

Source : Neftegaz.RU