International oil and gas company Petrofac will provide all-round training facilities for Petronas in a $120million (£75.3million) deal – the company’s biggest to date.
The agreement sets out the construction, operation and management of two high-specification training facilities for the Malaysian oil company for the next five years, with the option to extend by additional two years.
Petrofac is currently building three “live” training facilities – two upstream and one downstream – at the Institut Teknologi Petroleum Petronas (INSTEP), Terengganu state, Malaysia.
“We are delighted that we are continuing to build on the existing relationship with our long-term customer Petronas to support its goal of enhancing Malaysian workforce capability in the oil and gas sector,” said Andy Inglis, chief executive of Petrofac Integrated Energy Services (IES).
“Training is a core part of the IES offer and the award of our biggest training contract to date demonstrates our growing scale in an area which international and national oil companies have high on their agendas.
“The creation of this regional centre of excellence will enable Petronas to ensure the development of a highly-skilled resource pool to meet its own and industry needs now and in the decades ahead.”
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