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Petrofac Wins $580M EPC Contract with GCC National Oil

Source: www.gulfoilandgas.com 3/19/2018, Location: Middle East

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Petrofac Limited has signed a binding letter of intent, for a contract worth around US$580 million with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project. Specific details in relation to the project remain confidential at this time and additional information will be announced in due course.

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.”

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