Petrofac Limited

Contract Award

Petrofac Limited ( PFC) Petrofac Limited: Contract Award 08-March-2024 / 07:00 GMT/BST Press Release

 

 

8 MARCH 2024

 

PETROFAC EXTENDS TURKMENGAS RELATIONSHIP WITH GALKYNYSH GAS FIELD OPERATIONS SUPPORT CONTRACT

 

Petrofac, a leading provider of services to the global energy industry, has been awarded an operations contract from Turkemengas at the Galkynysh Gas Field, in Turkmenistan.

 

The three-year contract, valued at over US$200 million includes: provision of personnel to supervise and support operations and maintenance activity; the provision of technical support and procurement services; and the development and implementation of management systems to support efficient operations of the Galkynysh Gas Field Central Processing Facilities 1 and 1A. No performance guarantees are required to be posted in relation to this contract.

 

Delivery of the Galkynysh Gas Field project, for state-owned Turkemengas, was one of the largest engineering, procurement, construction and commissioning (EPC) projects delivered by Petrofac’s Engineering & Construction business unit. The contract to develop the world’s second largest gas field was awarded in 2009, and completed in 2013.

 

Located near Yoloten (Mary Province, Turkmenistan), the facilities Petrofac will now support, have an equal capacity of 10 BCMA which delivers 20 BCMA to the export pipeline. The gas field ensures revenue for Turkmenistan’s economy, as well as domestic energy supply.

 

Chief Operating Officer of Petrofac’s Asset Solutions business, Nick Shorten said:

 

“Petrofac has a proud history of working with Turkemengas. The expansion of our relationship is testament to our track record of delivering value to customers’ operations. Securing this contract further demonstrates our strategy to expand Asset Solutions’ geographic reach.