Killajoules

Petrofac awarded deepwater development project in Nova Scotia
Petrofac has been awarded a contract to work with the Government of Nova Scotia to help it identify the best way forward to exploit its ultra-deepwater oil potential.

CB&I Awarded Sphere Storage Contract By Petrofac
CB&I (NYSE: CBI) announced today that it has been awarded a contract valued in excess of $60 million by Petrofac Saudi Arabia Co. Ltd. The project scope includes the engineering, procurement and construction of product storage spheres at Jizan Refinery Project a grassroots refinery being constructed in Saudi Arabia.

Petrofac and First Reserve sign energy infrastructure agreement for US$1.25 billion
Petrofac, the international service provider to the oil and gas industry, has entered into a Framework Agreement (the ‘Agreement’) with First Reserve, the global energy-focused infrastructure investment firm, to create PetroFirst Infrastructure Partners. The new venture intends to deploy capital both in purchasing a number of existing assets from Petrofac’s Integrated Energy Services (IES) division (commencing with the first transaction as described below), as well as in new energy infrastructure projects that utilise Petrofac’s development capability.

Petrofac Awarded US$970 million Reggane North Development Project
Petrofac, the international oil and gas services provider, has been awarded a 36 months, of execution, contract worth more than US$970 million for the gas gathering, treatment and export facilities package (EPCCS1) of the Reggane North Development Project (Reggane) located in the Reggane basin of the Algerian Sahara desert 1,500 km south-west of Algiers.

Petrofac awarded Khazzan CPF project in Sultanate of Oman
Petrofac, the international oil and gas services provider, has been awarded a contract by BP, worth approximately US$1.2 billion, for the central processing facility (CPF) for the Khazzan gas project in the Sultanate. This has been awarded on a convertible lump sum basis and will convert to a full lump sum contract at a pre-determined point during execution.

Petrofac Extends Jasmine Venture Lease
Petrofac, the international oil and gas services provider, announces that Mubadala Petroleum Thailand, has taken up an option to extend its lease of Petrofac’s Jasmine Venture floating production, storage and offloading facility (FPSO) for up to four additional years. The FPSO is currently deployed on the Jasmine field in the Gulf of Thailand and Petrofac will continue to provide operations and maintenance services for the Jasmine Venture through its Offshore Projects & Operations business.

US$2.1 Billion Refinery Improvement Project in Oman
Petrofac, the international oil and gas services provider, in a 50/50 joint venture with Korean based Daelim Industrial Co Ltd (Daelim) has been awarded a 36 month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC). The contract value is US$2.1 billion.

CB&I Awarded Storage Contract In Saudi Arabia
CB&I (NYSE:CBI) announced today it has been awarded a contract valued in excess of $70 million by Petrofac Saudi Arabia Co. Ltd. The project scope includes the engineering, procurement and construction of crude oil storage tanks at a grassroots refinery being constructed in Saudi Arabia.

Petrofac / Bonatti Awarded US$650 million EPC Project in Algeria
Petrofac, the international oil and gas services provider, will lead a partnership with Italian lump-sum contractor Bonatti to execute a 32-month Engineering, Procurement and Construction (EPC) contract for Sonatrach to extend the life of the Alrar gas field in south east Algeria. The contract value is more than US$650 million.

South Oil Company Extend the Operation Contract of SPM Terminals For One More Year
Mr. Deiaa G. Sufar the director general of the South Oil Company (SOC) announced for the extension of the contract with Petrofac Company that was signed in the last year to operate and maintain the floating terminals SPM for one more year, which will give SOC the stability in the operation process because Petrofac has specialized staff with good expertise and knowledge in this field.
While it is worthy to mention that, the signature was made after gaining the approval from the ministry of oil.