International oil and gas facilities service provider Petrofac said yesterday it had won a £1.68billion contract in the Middle East.
The deal – the biggest ever landed by Petrofac – is with Abu Dhabi Company for Onshore Oil Operations (ADCO) for development of the onshore Asab oil field.
Under the 44-month contract, Petrofac will provide engineering, procurement and construction services to upgrade the production capacity of the field. The rejuvenation of Asab is central to ADCO’s development plan to increase its production.
Petrofac’s work will also include upgrading the facility’s capacity to accept increased production from Sahil, Shah and other south-east fields and to upgrade the associated utilities and water-handling facilities.
Petrofac’s group chief operating officer, Maroun Semaan, said: “The Asab development is one of the largest upstream projects recently awarded in the region. We are delighted to have secured this significant project, which clearly demonstrates our competitive position in the Middle East. This further reflects the commitments of major oil companies in the region to continue with strategic upstream projects.”
Ayman Asfari, Petrofac’s group chief executive, said: “This contract represents one of Petrofac’s most important project awards to date and is a significant achievement for our engineering and construction business.”
Petrofac employs more than 10,000 people worldwide. Aberdeen is home to one of its five operational centres around the globe, but it is not known at this stage if there will be any job implications for the Granite City.
ADCO is a joint venture between Abu Dhabi National Oil Company, Shell, Total, ExxonMobil, BP and Partex.