Petrofac Limited Petrofac awarded contract on Sakhalin Island (9162P)

TIDMPFC

RNS Number : 9162P

Petrofac Limited

06 September 2017

Press Release

6 September 2017

PETROFAC AWARDED CONTRACT ON SAKHALIN ISLAND

Petrofac has been awarded a contract worth more than US$700 million by Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) for its onshore processing facility (OPF) on Sakhalin Island. The project comprises a lump-sum engineering, procurement and offshore fabrication component, as well as a reimbursable element for construction and site services.

The scope of work includes inlet separation and feed gas compression facilities, a new flare system, utilities, substations and associated buildings, a temporary beach landing facility, refurbishment of the existing camp, temporary site facilities for Sakhalin Energy and Petrofac, as well as brownfield tie-ins to the existing OPF. With early engineering work already underway, the project will support Sakhalin Energy in maintaining its sustainable LNG capacity.

Sunder Kalyanam, Group Managing Director for Petrofac's Engineering & Construction Growth business said: "We have been executing projects in Russia since the 1990s and this marks our tenth in the country. Sakhalin Island is a very familiar location for Petrofac as our Sakhalin Technical Training Centre (STTC), established in 2008, has been helping meet increased local demand for competent personnel specialising in the oil and gas industry. From STTC we are able to supply a wide range of technical support services including front-end engineering and design, pre-commissioning and commissioning, operations and maintenance as well as technical manpower support. We look forward to working with Sakhalin Energy to deliver this strategically important project."

Ends

For further information, contact:

Petrofac Limited

[phone]

Jonathan Low, Head of Investor Relations

[e-mail]

Jonathan Edwards, Investor Relations Manager

[e-mail]

Alison Flynn, Group Head of Communications

[e-mail]

[phone]

Tulchan Communications Group

[phone]

[e-mail]

Martin Robinson

LEI 2138004624W8CKCSJ177

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.

NOTES TO EDITORS

Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.

With around 13,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLFMITMBBMMJR

(END) Dow Jones Newswires

September 06, 2017 02:00 ET (06:00 GMT)