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Petrofac awarded USD 1 billion EPC contract in Algeria

Gasoil News - Published on Fri, 15 Mar 2019

Image Source: offshoreenergytoday.com
Petrofac awarded a contract worth around USD 1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 kilometres south-east of Algiers, the Ain Tsila field will produce gas, LPG and Condensate for the local Algerian market and for export. Under the terms of the 42-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes commissioning, start-up and performance testing.

Mr ES Sathyanarayanan, Group Managing Director, Engineering & Construction, commented "I am delighted we have the opportunity to be working with the Groupement Isarene partners to deliver this strategically important project. This award builds on Petrofac's significant track record in Algeria where we have been operating successfully for more than 20 years, with a strong record for project execution and the development of local capability. We are focused on delivering an effective, safe solution that meets our high standards and continues our commitment to the local energy sector."

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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