Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  
Petrofac secures framework agreement with Petroleum Development Oman
 

Dubai, UAE, June 8, 2017:  Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects. 

The Agreement, which is for ten years with an additional five-year option, builds upon a three-year programme of EP+Cm support contract delivery Petrofac has undertaken on behalf of PDO. Future projects undertaken through the FA will be supported by Petrofac’s Muscat office for technical delivery and to ensure sustainable in-country value is generated.  

Craig Muir, Group Managing Director, Engineering and Production Services, Petrofac said: “This is a landmark agreement between our two companies and marks a new level of collaboration between PDO and Petrofac. It builds upon a long-standing relationship which spans more than two decades and encompasses a significant number of projects undertaken in Oman on both a lump-sum and reimbursable basis. 

“Our priority will be to deliver quality oil and gas facilities that are technically robust, with an absolute focus on safety and in-country value.”

Raoul Restucci, Managing Director, PDO said: “This long-term agreement with Petrofac reflects our continuing commitment to the safe and responsible development of hydrocarbons in the Sultanate and to drive maximum in-country value from our operations.

“PDO seeks a high level of performance and commitment from our supply chain and this agreement reaffirms our determination to work with key partners in our supply chain to deliver real value for Oman and our shareholders. It is our firm belief the value that we have already created working closely together can be sustained well into the future and we look forward to extending our partnering with Petrofac in this next phase of our relationship.”

Petrofac is currently undertaking two projects, on behalf of PDO, through an EP+Cm delivery model.  This includes the US$1.2 billion award in March 2014 for the Rabab Harweel Integrated Project (RHIP) and the US$0.9 billion award in June 2015 for the Yibal Khuff project.

Roberto Bertocco, Managing Director, EPCm, said: “This is a major milestone in the recognition of Petrofac’s Engineering, Procurement and Construction Management support service delivery capability. The agreement cements the effectiveness of our working relationship with PDO and paves the way for the direct transfer of knowledge, skills and lessons learned from RHIP and Yibal Khuff onto future PDO projects.”

Posted by : Dubai PR Network Editorial Team
Viewed 8985 times
PR Category : Energy and Industry
Posted on : Thursday, June 8, 2017  2:07:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Petrofac Secures Five-Year Training Agreement with Kuwait Oi...
Next Story : ADNOC Distribution Opens Two New Service Stations in Abu Dha...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Coty Inc. Introduces James Molloy as Rimmel London's New Global Make-up Ambassador [19197-Views]
AIGNER Iridescence [13383-Views]
Lipstick shades to suit your hair colour from Lipstick Queen [11797-Views]
Top 5 Autumn/Winter Beauty Trends [10584-Views]
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate [10266-Views]
Dune London: The Autumn/Winter17 campaign [7393-Views]
India's famous fashion designer Suneet Varma brings his collections to Dubai [6722-Views]
DS Podium GMT Chronometer: Because time knows no borders [6716-Views]
Corum Heritage Diphylleia - The 'skeleton flower' blooms in a bed of diamonds and gold [6466-Views]
Marks & Spencer Introduce the Autumn/Winter 17 Womenswear Collections [6460-Views]
Jaguar E-type Zero: “The Most Beautiful Electric Car in the World” [6405-Views]
Contour, Highlight and Bronze your Body with Ease with Madame LA LA [6332-Views]
Italian Trade Agency Kicks Off F&B Promotional Activities in the UAE [6320-Views]
Vintage is the rage for new Chronofighter range [5893-Views]
‘Third wave' coffee movement brews big business for Middle East market – forecast to reach... [5667-Views]
CITIZEN CA0641-83E Eco-Drive Chronograph exudes sporty elegance [5392-Views]
Aster DM Healthcare bags Gulf Business Awards-2017 for the “Healthcare Company of the Year... [5100-Views]
Mango Fall/Winter17 - Denim Special [4996-Views]
Bollywood sibling divas come together for the new diamond jewellery commercial of Malabar ... [4978-Views]
Panasonic announces robust plans for Middle East under new leadership [4886-Views]
RTB House celebrates 1-year anniversary in the Middle East and Africa regions with big win... [4874-Views]
Ferrari Portofino: the Italian Grand Tourer par excellence [4874-Views]
Michael Kors Collection Spring 2018 Fashion Show [4850-Views]
CITIZEN opens refurbished boutique at Sharjah City Centre [4673-Views]
Shade of Grey: Sirius Flying Regulator Jumping Hour in sophisticated new colour [4654-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories