Petrofac awarded engineering and procurement contract in Oman
LONDON -- Petrofac has been awarded an engineering and procurement contract by Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project, a field located approximately 350 km southwest of Muscat in the Sultanate of Oman.
Under the terms of the four and a half year contract, Petrofac will be providing reimbursable detailed engineering, and construction and commissioning management support services and procurement on an incentivized pass-through basis. This will extend throughout construction and during start-up of the integrated oil and sour gas facility.
The total contract value is expected to be around $900 million, with around one-quarter of the revenues relating to professional services.
Development of the field will add to PDO’s future oil production, while the associated gas will be utilized for power generation and enhanced oil recovery developments.
