Petrofac wins $970m services contract

28th May 2014 09:54

International oil and gas services provider Petrofac has landed a 36-month contract worth more than 970m dollars on the Reggane North Development Project in the Algerian Sahara desert. Under the contract, which was awarded by partnership Groupement Reggane, Petrofac will undertake the engineering, procurement, construction, commissioning and start-up of the gas treatment plant, gathering system and export pipeline. The project will bring 26 wells from four fields on stream. Subramanian Sarma, the Managing Director of Petrofac's Onshore Engineering and Construction business, said: "I am delighted we have the opportunity to be working with the Groupement Reggane partners to deliver this strategically important upstream project. "The award also represents another important building block in our long association with Algeria where we have been operating successfully for more than 15 years." NR