Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.56% 360.50 360.10 360.90 363.30 353.50 353.50 396,021 10:25:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,570.9 83.9 14.8 24.7 1,247

Petrofac Limited Petrofac appointed for wind farm substations

16/01/2020 7:00am

UK Regulatory (RNS & others)


Petrofac (LSE:PFC)
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RNS Number : 9484Z

Petrofac Limited

16 January 2020

Press Release

16 January 2020

PETROFAC APPOINTED FOR SEAGREEN WIND FARM SUBSTATIONS

Petrofac has entered into a Preferred Supplier Agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project. The wind farm will be located 27 kilometres off the coast of Angus and once constructed will be the largest in Scotland.

Petrofac has commenced early work on the project. Subject to a final investment decision expected in the coming months, its full scope will include, on a lump-sum basis, the engineering, procurement, fabrication, transportation, offshore installation and commissioning of the offshore substation platform, including the topside, jacket and piles. The onshore substation EPC scope includes all civil work and major equipment.

Elie Lahoud, Petrofac's Group Managing Director - Engineering & Construction, commented: "We have been involved in a number of similar projects in the North Sea and are delighted to have been appointed to be part of the Seagreen project, which will be Scotland's largest offshore wind farm. This will enable us to continue to grow our capability and experience in offshore wind and supports our diversification into renewable energy. Along with the wider team involved, I look forward to the safe and quality delivery of both the onshore and offshore substations."

John Hill, Seagreen Project Director, said: "We are pleased to welcome the expertise of Petrofac to the Seagreen Project. With their experience across engineering, procurement, construction and installation in this sector we have secured a high level of project certainty in delivering this key element of the works."

Petrofac has a strong track record in offshore wind, specialising to date in the engineering, procurement, construction, installation and commissioning of HVDC and HVAC offshore and onshore substations for major international wind farms. Recent projects include the BorWin3 offshore grid connection project in the German North Sea, the Hollandse Kust Zuid (HKZ) Alpha and Beta platforms in the Dutch North Sea and a turnkey power system for the Galloper offshore wind farm off the coast of Suffolk.

ENDS

For further information contact:

Petrofac Limited

+44 (0) 207 811 4900

Jonathan Yarr, Head of Investor Relations

jonathan.yarr@petrofac.com

Aaron Clark, Investor Relations & Communications Manager

aaron.clark@petrofac.com

Alison Flynn, Group Head of Communications

alison.flynn@petrofac.com

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

Martin Robinson

LEI 2138004624W8CKCSJ177

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 11,250 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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