PETROFAC LD — Regulatory Filings 2018

Mar 12, 2018

National Storage Mechanism | Additional information

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RNS Number : 3709H

Petrofac Limited

12 March 2018

Press Release

12 March 2018

PETROFAC AWARDED INDIA EPC CONTRACT

Petrofac has been awarded a lump-sum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Limited (BPCL) valued at approximately US$ 135 million.

Located at BPCL's Kochi Refinery, Kerala, India, the scope of work encompasses engineering, procurement, construction, pre-commissioning and assistance with commissioning. The 27-month contract is for the addition of a new Motor Sprit (MS) block of refining units, which will increase the current output of the facility to meet India's BS-VI automotive fuel quality.

Sunder Kalyanam, Group Managing Director for Petrofac's Engineering & Construction Growth business said:  "Having previously executed EPC projects in India between 1997 and 2004, we are delighted to have secured this contract to deliver a new complex of units at the BPCL Kochi Refinery. This award demonstrates our organic growth ambitions in action, and attests to our strategy of a continued increase in our capabilities in India, a country which holds a special place in our service offering.

"Petrofac has thriving operational centres in Mumbai, Chennai and Delhi that provide engineering services through a multidisciplinary capability, supporting our projects globally. In addition to our core activities, we offer a comprehensive graduate training programme and are committed to social investment. We look forward to continuing to build a sustainable and long-term presence in-country through the safe and timely delivery of this project for BPCL."

Ends

For further information contact:

Petrofac Limited      

+44 (0) 207 811 4900

Jonathan Low, Head of Investor Relations

[email protected]

Alison Flynn, Group Head of Communications

[email protected] 

+44 (0) 207 811 4913

Tulchan Communications Group

+44 (0) 207 353 4200

[email protected]

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 12,500 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

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