Petrofac to Commence US$3.4 Billion Second Phase of Turkmenistan Contract

abarrelfullabarrelfull wrote on 22 Dec 2010 13:42
Tags: contracts gas petrofac turkmenistan

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Petrofac, the international oil & gas facilities service provider, confirms that following successful completion of the first phase of the South Yoloten project for Turkmengas, the state-owned national gas company of Turkmenistan, it has commenced work on the second phase of the project, worth US$3.4 billion.

When complete, the South Yoloten field, which is situated approximately 400km south east of the capital Ashgabat, is expected to export 20 billion cubic metres per annum (bcma) of gas. Under the second phase of the contract, which is scheduled to last 31.5 months, Petrofac will provide engineering, procurement and commissioning work on a lump-sum basis for a 10 bcma gas processing plant along with the infrastructure and pipelines for the entire 20 bcma development. The feed gas from the field contains up to 6% H2S, and the development will include gas treatment and sulphur handling facilities, along with well pad facilities, gathering facilities, infrastructure and utilities, condensate processing, storage and export.

Marwan Chedid, managing director of Petrofac’s Engineering & Construction Ventures business, said: “Following the successful completion of the first phase of this contract awarded in December last year, I am delighted that we are moving into the substantial second phase where we will be able to bring to bear our extensive experience of designing and constructing facilities to handle and process sour gas. Our initial planning and set-up studies have given us confidence that we can maintain our high working standards and first class project delivery in Turkmenistan, and we are excited to be working with Turkmengas on this important project.”

Maroun Semaan, group chief operating officer, commented: “Whilst we have substantial experience of working in the region, Turkmenistan is a new market for us, albeit one with considerable potential, where we would like to build a sustained presence. Successfully delivering this contract will underpin our endeavours in this respect and I look forward to developing our relationship with Turkmengas as we move into the second phase of our work on this important development.”

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