Petrofac signs $900mn deal with PDO
Firm to provide EPC services for the Yibal Khuff project, 350km southwest of Muscat
Petrofac has been awarded $900mn contract from Petroleum Development Oman (PDO) to provide EPC services for its Yibal Khuff project, 350km southwest of Muscat.
Under the terms of the four-and-a-half year contract Petrofac will be providing reimbursable detailed engineering, and construction and commissioning management support services and procurement on an incentivised pass-through basis.
“This will extend throughout construction and during start-up of the integrated oil and sour gas facility,” the company said.
It added that development of the field will add to PDO’s future oil production whilst the associated gas will be utilised for power generation and enhanced oil recovery developments.
Craig Muir, managing director for Petrofac’s Engineering & Consulting Services business commented: “This contract builds on the Rabab Harweel Integrated Project which we are already executing alongside PDO and represents a further milestone in the development of our EPCm delivery strategy.
“Furthermore it reinforces our presence in Oman where we have a number of ongoing projects and a local engineering office, and where this project will further complement our agenda for increasing in country value.
“We will continue to maintain a strong focus on this aspect of our delivery by accessing the local supply chain and recruitment of local resources and we are very much looking forward to growing and strengthening the team working alongside PDO to deliver this project.”