Oil Equipment, Services & Distribution (0570)

 4,928.34
   
  • Change Today:
      0.00
  • 52 Week High: 4,928.34
  • 52 Week Low: 4,928.34

Petrofac secures $100m contract with Libya Oil & Gas

By Michele Maatouk

Date: Friday 03 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Petrofac has secured a contract valued at more than $100m with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver the Erawin Field Development Project Phase 1 early production facilities.
The engineering, procurement, construction and commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field, located in southwest Libya.

It also includes a pipeline to transport crude oil around 100 kilometres to the El Sharara oil field and a control room, substation and telecom system located there.

In addition to this latest contract award, Petrofac is also currently providing front-end engineering design (FEED) and conceptualisation studies, both upstream and downstream, for a number of clients in-country.

Elie Lahoud, chief operating officer for Engineering & Construction, said: "Libya is positioning itself to become a major oil and gas producer again and we're looking forward to helping the National Oil Company achieve its goals, develop key infrastructure safely and securely, and increase production.

"Petrofac has been delivering complex projects, engineering services and training local workforces in North Africa for over 20 years now. This latest award builds on our strength of engineering and construction capability and track record of effective delivery."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Data

Price 4,928.34
Change Today 0.00
% Change 0.00 %
23-Apr-24 Close 4,928.34

Top Risers

Price Change
PFC 25.00p +3.3%
GTC 8.50p +3.0%
MYX 55.00p +2.8%
AT. 758.00p +2.2%

Top Fallers

Price Change
GMS 23.30p -3.3%
WG. 149.40p -1.8%
HTG 352.50p -1.1%

Top of Page