Petrofac Wins Two Contracts Worth About $300 Mln In Oman - Quick Facts

Petrofac Limited said Thursday it has been awarded two contracts, together worth around $300 million through Petroleum Development Oman or PDO.

Petrofac noted that the first contract is a direct EPC contract for PDO's Marmul Main Production Station or MMPS - Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up and initial operational support. The facility is located at Marmul in the South of Oman, about 800 kilometres from Muscat.

The second contract is a project delivery contract with Petrofac's partner and main PDO contract holder Arabian Industries Projects LLC, for selected PDO concession areas in the North of Oman.

The scope of this seven-year contract is for provision of reimbursable engineering services, integrated project support and management services, and has an option to extend for three years.

Source: Nasdaq

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