Friday , August 23 2019

Petrofac secures $75 million deal for Petroleum Development Oman project

LONDON / WAM

UAE-linked oil services firm Petrofac has secured its third project under a 10-year framework agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman.
The contract, valued at approximately $75 million, is the latest to be awarded under the agreement signed in 2017 to provide engineering, procurement and construction management (EPCM) support services for PDO’s major oil and gas projects.
The 19-month project scope includes management of line pipe material from sourcing, technical and commercial evaluation, planning and control services with management and co-ordination of interfaces with all parties involved.
Elie Lahoud, Group Managing Director, Engineering and Construction – Oman, Iraq and Saudi Arabia said, “We have a strong track record with PDO in Oman and are delighted to have been awarded this latest project under the long-term framework agreement.
“The procurement and management activities for this project will be undertaken from Petrofac’s Muscat office from where we provide first-class expertise in high-value order management. We continue to maximise the provision of local goods and services which evidences our ongoing commitment to delivering in-country value through each of the
projects we undertake in the Sultanate.”
Petrofac was established in the UAE in 1991, with over 4,000 employees at its Sharjah locations.

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