Petrofac current projects 18 November 2024 Petrofac extends forbearance agreement - November 2024 Petrofac first established a presence in the UAE in 1991 and has developed a large workforce supporting both regional and international projects, with a commitment to deliver In-Country Value. These are all its core markets and the ability to bid again in these markets will enable Petrofac to win new orders and rebuild its backlog. 46 million years. Our story in Lithuania began with the Mažeikiai Refinery modernisation project, the only crude oil refinery in the Baltic states and a strategic energy As previously announced, Petrofac will deliver the $1. Communicating via unofficial email addresses - the only official Petrofac email addresses end with ‘@petrofac. Based in Sharjah, UAE, the joint venture will provide project management and engineering services for selected oil & gas projects, focusing on projects for Chinese oil & gas companies. 17051820 The Habshan Carbon Capture, Utilization and Storage (CCUS) project is one of the largest carbon capture projects in the Middle East and North Africa (MENA) region and will have the capacity to capture and permanently store 1. Latest trade price at 05:47 PM 11. 1 Excludes projects that are >95% complete. People and projects from around the PETROFAC world. abu dhabi, Abu Dhabi National Oil Company, Adnoc, Adnoc Gas Processing, emiratisation, epc contract, Petrofac. Company Name. That is something those collaborating on TenneT's 2GW projects, including Petrofac, aim to change. The initial award will facilitate fast-track execution of SGT5 by making best use of Petrofac’s current mobilisation in the region and as a result the new train is expected to come on stream towards the end Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Browse all Petrofac global news issued since 2004. The first is a five-year EPS contract for Shell’s Block-10 Mabrouk Phase-2 Project, located in the Al Wusta Governate of Oman – around 400km from the capital Petrofac issues the following pre-close trading update for the six months ending 30 June 2023. 75285. Petrofac first established a presence in the UAE in 1991 and has developed a large workforce to support both regional and international projects. 78 Petrofac Limited 2021 Annual report and accounts Strategic report Segmental overview Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India. ADNOC Gas will be responsible for Petrofac secures Lithuanian refinery EPC project. Explore the impact of the people behind Petrofac – our teams, experts, customers, suppliers, partners, and communities – who bring our projects to life. Positioned as one of the largest greenfield oil refineries in the Middle East, Adnoc Gas has awarded a $615 million contract to oil services company Petrofac to build one of the largest carbon capture projects in the Mena region as the state energy company forges ahead with its decarbonisation plan. 9 billion during H1 2024 Future new order intake in E&C The overall project value is around US$4 billion, of which Petrofac’s share is around US$1. The company started oil The US$4 billion Thai Oil clean fuels project aims to enhance the country’s long-term energy stability and economic development and boost its output of high-quality clean fuels. Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2 billion with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman. 5 billion project with its joint venture partner, China Huanqiu Contracting & Engineering Corporation (HQC), with Petrofac’s share valued at Read about what a career at Petrofac in India would bring and search for jobs at Petrofac India. Petrofac Gender Pay Petrofac delivering FEED for Aramis, the Netherlands' flagship CCS project. 23% over the previous year. But for distances typically beyond 70 kilometres, the AC current received from the turbines needs to be converted into direct high-voltage current (HVDC) to transport via cable without significant fluctuation and loss. Today, Petrofac employs around 400 people in country and is currently working on a number of projects for a variety of NOC and IOC clients. (EPC) project to support the provision of well hook‐up and surface facilities for the Raageshwari Deep Gas (RDG) field, in The future of London-listed Petrofac remains in the balance, with the company unable to access vital funds because it cannot obtain $400 million worth of critical performance guarantees for ABU DHABI, October 3, 2023 – Petrofac has signed a USD 600-million contract with ADNOC Gas to provide EPC services for its Habshan CCUS project, the UK engineering giant announced on Tuesday. When we work with clients (hello if you're reading), we know the difference between great and poor experience often comes down to relationships with our people, their ingenuity or responsiveness. The project involved the development of four southern gas fields: Garet El Befinat, Hassi Moumene, In Under the terms of the restructure, Petrofac will report 100% of the revenue and backlog on all current and future Petrofac Emirates’ projects (with Nama’s 25% economic interest reported as ‘profit for the year attributable to non-controlling interests’). Together, we’re pushing boundaries and building the future of energy. U74110TN2010FTC075285. Petrofac, the international oil & gas service provider, has been awarded two engineering, procurement and construction (EPC) contracts for Petro Rabigh’s Phase II petrochemical expansion project. Dr Khalid Al Jawahari, Petrofac Country Manager - Oman, said: "The inauguration ceremony was a great success, and we feel privileged to have been a part of it. • Significant increase in Group backlog to US$5. And we are actively engaging with other developers People power Petrofac, and every project we deliver. The award of the prestigious Engineering, Procurement and Construction (EPC) and start-up contract to Petrofac in 2017 built on our long track record in Oman, took us into the Salalah region for the first time. Why is the Asab field so important? Petrofac, the international oil and gas services provider, leading a joint venture with Korean based Samsung Engineering Co Ltd (Samsung) and CB&I Nederland BV (CB&I) has received an award notification for Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project, Mina Abdulla (MAB1) refinery in Kuwait. Investors. Under the terms of its current agreement, Petrofac will provide operations and maintenance support across six additional Repsol Sinopec assets. 2 billion. In 2018, Petrofac completed the Southern Fields project, a joint venture between Sonatrach, BP and Statoil, in central Algeria. The forbearance agreement is entered into by an ad hoc group of noteholders representing approximately 47% of the outstanding senior secured notes and certain The largest development ever undertaken in Petroleum Development Oman’s (PDO) portfolio, the Rabab Harweel Integrated Project (RHIP) is one of the country’s most successful mega projects. THE BIG NUMBERS THAT MAKE Petrofac / Daelim Awarded US$2. Petrofac has been delivering complex projects, engineering services and training local workforces in North Africa for over 20 Petrofac, a leading provider of services to the global energy industry, announced in a statement that has been awarded a multi-million-dollar, contract by Bapco Upstream W. Read more about working at Petrofac Projects and Services. Petrofac Gender Pay Gap Report 2022. . In Partnering for long-term success. The Engineering and Production Services (EPS) business of Petrofac Ltd. Life extension of these components has been validated and CLASS extension secured until end of current contract life. This review, which is ongoing, has the objective of materially strengthening the Company’s balance sheet, improving short-term liquidity and securing bank guarantees. Petrofac’s legacy and impact in Oman are characterised by a strong commitment to Omanisation, ICV, local workforce development, and social responsibility. A mega project in Oman completed on time and Continuing impact of Covid-19 on E&C project schedules; Sami Iskander, Petrofac’s Group Chief Executive, As expected, new orders are likely to remain depressed in E&C in the current year, but the Group has an active bidding pipeline of $48 billion of opportunities due for award in the next 18 months. from engineering and project management, to IT, legal, finance, business development, and many more. Latest trade price at 05:47 PM Read about what a career at Petrofac in Australia would bring and search for jobs at Petrofac Australia. our operations and projects business, and our business dedicated to energy transition projects. Furthermore, the decline in oil prices resulted in a contraction in capital spending by clients in the period, resulting in Petrofac has been deploying its expertise in gas processing, transport, and storage, to support the early development and definition of large-scale CCUS projects since 2015. 85p. 5 million tons per annum (mtpa) of CO 2 within geological structures deep underground. 4 square kilometres. MAKING MIRACLES IN OMAN. 6 billion by end Oil and gas major BP has awarded a three-year operations services contract to Petrofac for the GTA project. (St. As announced on 29 April 2024, an ad hoc group of Petrofac first established a presence in the UAE in 1991 and has developed a large workforce supporting both regional and international projects, with a commitment to deliver In-Country Value. We use our engineering know-how and our consultancy expertise to design, build, and operate world-class energy facilities that are engineered for safety, optimal efficiency, and low emissions. As the first project of its kind in the Middle East, LFHO has provided valuable insights and learnings THE DUQM REFINERY IS A HUGE PROJECT FOR PETROFAC IN MORE THAN ONE SENSE. Related links News. A 50/50 joint venture with Samsung, the scope of work includes engineering, procurement, construction, commissioning, training and start-up operations for all utilityand offsite facilities at Duqm. NCOC acts as the operator of the North Caspian Project, the first major offshore oil and gas development in Kazakhstan. 3 billion of new orders in core markets, such as engineering and construction, and in renewable energies with the total backlog rising to $6. See pages 38 and 42 7 Saudi Arabia Amongst several current projects, we are working on two downstream facilities: the Jazan refinery and the Petro Rabigh petrochemicals plant. The contract, awarded to Petrofac Emirates, is valued at approximately US$700 Petrofac has been deploying its expertise in gas processing, transport, and storage, to support the early development and definition of large-scale CCUS projects since 2015. Petrofac has reported results for the year ended 31 December 2023. 08p. We are required to publish certain news in accordance with regulatory rules. 1010 The Kuwait Clean Fuels Project represents a project ‘first’ for our client, who sought our support to achieve new environmental standards in refining. Mega downstream project to create world-class facility; Gas field mega project delivered in record time in a challenging environment; Oil and gas mega project delivered in a challenging environment; A mega project in Oman completed on time and below budget; Petrofac’s renewable energy record enhanced by Scotland’s Seagreen project Petrofac, a leading international service provider to the energy industry, has won its first new energy focused project in Chile, supporting Transitional Energy Group (TEG) on their Gente Grande Green Ammonia Project as Owner’s Engineer. When you join Petrofac, you will become part of an international organisation that keeps up to date with the needs of a Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), via its wholly-owned and major subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd, has secured a RM1. 3 billion contract by Abu Dhabi Company for Onshore Oil Operations (ADCO) for the development of the onshore Asab oil field. As one of Kuwait National Petroleum Company’s (KNPC) major investment It’s an exciting time for Petrofac, and we’re looking for more people to join us. At the same time, it's book networth has increased by 33. 80p. 5bil award to build an The first of two High Voltage Alternating Current (HVAC) offshore transformer station topsides, that we are delivering for the Dutch-German transmission grid operator TenneT, has safely and successfully left the UAE. Petrofac and CPECC have a long-standing relationship and track record of cooperation, most recently being jointly awarded an inspection, maintenance and repair Mega downstream project to create world-class facility; Gas field mega project delivered in record time in a challenging environment; Oil and gas mega project delivered in a challenging environment; A mega project in Oman completed on time and below budget; Petrofac’s renewable energy record enhanced by Scotland’s Seagreen project First-ever project in Turkey. Petrofac has taken third place in ‘Oil & Gas Middle East’ magazine’s Top 25 EPC companies list for 2022. Company Details. Petrofac Gender Pay Gap Report 2021. The Gente Grande Project is located at a coastal site on Tierra del Fuego in the Magellan Straits region of Chile, where the Multiple projects on radar: Adnoc steps up low-carbon investments with $23 billion spending plan Petrofac finances in ‘fragile’ state as unable to obtain $400 million of performance A leading international service provider to the energy industry. 69p. The second is a project delivery contract with Petrofac’s partner and main PDO contract holder Arabian Industries Projects LLC, for selected PDO concession areas in the North of Oman. Petrofac, leveraging over 20 years of experience in North Africa, is supporting Zallaf Libya Oil & Gas Exploration and Production Company to help develop critical infrastructure, ensure safe and secure operations, and boost production capacity at the Erawin oil field. As we noted in our full year results announcement issued on 25 February 2015, in line with our latest assessment of schedule and cost-to-complete for the Laggan-Tormore project, and the final commercial settlement agreed with our client, Total, the Group had recognised a loss Arrowsmith - one of world's first green hydrogen projects; Assuring competency in a distributed workforce; Life-of-field development planning; First-of-a-kind waste-to-fuel plant; Wheatstone liquefied natural gas project, Australia Petrofac hopes to support IBE through the EPCm phase of the project in 2021 and on the future expansion for Following the Company’s announcement of Final Results issued on 23 March 2022, Petrofac Limited today announces that it has today published its 2021 Annual Report and Accounts (2021 Annual Report) and Notice of 2022 Annual General Meeting (2022 AGM Notice). Current status of Petrofac Projects And Services Private Limited is - Active. (MS) block of refining units, which will increase the current output of the facility to meet India’s BS-VI automotive fuel quality. Project, including an FPSO, in Mauritania and Senegal. We have adopted hybrid working and most of our office-based colleagues have the option to work remotely up to two days per The Chennai team is supporting four of Sharjah’s EPC projects as well as the Abu Dhabi and Woking operations: current utilisation being in excess of 95%! With this in mind, vice president for Chennai operations, KRSR Krishna is now in the process of expanding the facilities to meet engineering demands for the group’s increasing offshore Petrofac secures brownfield EPC contract with ADNOC. The project, which later became widely known as TurkStream, will meet the energy demands of south and southeast Europe for decades to come. The project will transform the existing oil refinery in Sriracha, Chonburi, into an environmentally-friendly facility, which will produce higher quality transportation fuels. Latest trade price at 12 Petrofac supports FPSO owner Valeura Energy's current requirements, while working with them to identify potential areas for further support on this and future projects in the Gulf of Thailand. Petrofac’s Director of Late Life and Decommissioning, David Hutchison, shares his thoughts on how this might be repeated and improved upon for future decommissioning projects. The multi-million-dollar contract encompasses a broad range of Petrofac, a major global service provider in the energy sector, has secured a substantial Engineering, Procurement, and Construction (EPC) contract from ADNOC Gas. Petrofac Facilities Management Asia Pacific Sdn Bhd (Petrofac), part of the Petrofac Group, has been awarded a US$220 million contract by PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS, the Malaysian National Oil Company, for the refurbishment of the Bekok-C platform, located in Block PM9 in the south-eastern part of the Malay basin Office location for Petrofac, Mumbai and Chennai in India. Petrofac Gender Pay Gap Report 2023. Company Status. During construction, the workforce peaked at just over 11,500 with around 170 Petrofac staff embedded in all functions of the Joint Venture. As the current critical stages Petrofac executes infrastructure projects in oil, gas, new and renewable energy, with a commercially flexible, tailor-made approach to delivery. me; Requesting personal information – no one at Petrofac will ever ask Petrofac, a leading provider of services to the global energy industry, announced that it has been awarded a lump-sum engineering, procurement and construction (EPC) contract with ADNOC in the United Arab Emirates. The BorWin3 offshore wind grid connection in the German North Sea has started to transmit power. North Africa and Europe, delivering current projects on time and on budget, and investing in our people. Elie Lahoud, Chief Operating Officer – Engineering & Construction at Petrofac, said: Director Large Project Offshore at Refinery in North-West Lithuania. The flagship Petrofac Tower in Sharjah’s Al-Khan district became an iconic landmark for the business. We secured our first-ever project in Turkey – the development of onshore pipelines and a gas receiving terminal near Kıyıköy. Petrofac and Hitachi Energy have been awarded a multi-year Framework Agreement by TenneT as it works to expand offshore wind capacity in the Dutch-German Under the terms of Package B EPC contract, valued at $1. Described as “an enormous city in itself”, the project was completed by our teams below budget and ahead of schedule. Our relatively mature portfolio has shielded us from the current inflationary environment. The contract, signed at an official ceremony in Algiers, is valued at approximately $300 million, with Petrofac’s share around $200 million. New awards Order intake for the year totalled US$6. Work on the 47-month project will commence shortly, subject to financial closure and full notice to Petrofac's board sets the ‘tone from the top’ and seeks to ensure there is a strong and effective system of corporate governance across Petrofac. Highlights included the award of a US$265 million contract for the Marmul Polymer Phase 3 (MPP3) project, and a US$115 million contract for the development of the Qarn Alam Co-Generation project. Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Processing, to undertake a significant new Petrofac, a leading international service provider to the energy industry, has been awarded an Engineering, Procurement and Construction (EPC) contract by ADNOC Gas for its Habshan Carbon Capture, Utilisation Petrofac secures fresh relief from bondholders amid crucial restructuring process Under this landmark agreement, Hitachi Energy will supply its HVDC converter stations, which convert AC to DC power offshore and DC to AC onshore while Petrofac will The contract, awarded to Petrofac Emirates, is valued at approximately $700 million and involves the Engineering, Procurement and Construction of a new gas compressor plant. Petrofac expands scope with TotalEnergies on flagship Aramis project. 9 billion) and awarded to Petrofac, the contractor will carry out the engineering, procurement and Petrofac secured $4. Latest trade price at 12:59 PM 10. Ongoing technical studies such as the produced water handling and debottlenecking studies have resulted in modification projects to better manage late life As previously announced, Petrofac will deliver the $1. Find out more: Watch the short project video Petrofac, the international oil & gas facilities service provider, has secured a further award from Khalda Petroleum Company (KPC). Petrofac's project scope was recognised, having contributed an impressive 20 million safe man-hours with zero LTIs since the beginning of the project. 5 Gigawatts of wind energy production offshore by 2023, through the installation of five 700-megawatt High Voltage Alternating Current (HVAC) platforms (substations) as part of its North Sea offshore grid connection. Petrofac, a leading provider of services to the global energy industry, has been awarded a lump-sum engineering, procurement and construction (EPC) contract with ADNOC in the United Arab Emirates. We’re using the tools on current projects and When complete, it is anticipated that the revamped facility will increase current output by more than 70%, creating many employment opportunities, both directly and as a result of the multiplier effect in the local economy. The programme will support the production of low-carbon feedstock for OCI’s existing methanol Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD123 million (approximately US$430 million) contract by Kuwait Oil Company (KOC) for the engineering, procurement and construction of effluent water and central sea water injection facilities. Latest trade price at 11:22 AM 10. The lump-sum engineering, procurement and construction (EPC) project, valued at approximately US$233 million, is for integrated gas surface facilities and includes pre-commissioning and Petrofac has been awarded a new multi-million dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain. We look forward to deploying our multi-disciplinary engineering capabilities and more than 20 years of experience of offshore pipelines and infrastructure to support Neptune Energy and its The world’s second largest gas field mega project, and one of Petrofac’s largest EPC projects to date, Galkynysh, gave us the opportunity to demonstrate exactly how our teams are driven to deliver. RoC-Chennai. Petro Rabigh is a domestic public company in which both Saudi Aramco and Sumitomo Chemical Co Ltd hold a financial interest. By collaborating with you at the earliest stages of your project, our pragmatic, measured, and informed advice supports vital decision-making and ensures the successful execution of Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK Ltd, following an enhancement to its existing contract. Emiratisation is a key business priority and Petrofac is actively promoting current career opportunities. Petrofac can manage any well engineering project, either on an outsourced basis or as part of your team. (formerly Tatweer Petroleum – Bahrain Field Development Company W. improve liquidity and secure bank guarantees to support current and future EPC contracts. 76p. The successful installation of one of two 700MW offshore substations at a Netherlands wind farm and connecting the other to the mainland grid in the midst of a pandemic are major milestones for project contractor Ray Richardson, vice president operations and regional direction, Kazakhstan provides an update on the activities of the in-country team. Petrofac is leading a joint venture partnership with Samsung Engineering Co Ltd and CB&I Nederland BV (now McDermott International). 55p. We call these regulatory news and they can be found here. Petrofac confirms it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 23 August to 20 September 2024. Our Consulting team in Woking, UK has strengthened its position in supporting the Netherlands’ ambitions for CO2 capture and storage with an award from TotalEnergies EP Nederland BV of multi-million-dollar front-end-engineering design (FEED) for a CO2 injection platform. Any other email addresses are fraudulent, including @petrofac. 31 October 2024 Petrofac awarded contract in Bahrain . Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading provider of services to the global energy industry, announced today the award of the second project under their multi-year Framework Agreement, worth more than $14 billion with TenneT, the Dutch-German transmission system operator to expand A leading international service provider to the energy industry. One of TenneT's key Following the commencement of early works and completion of final investment decision, Petrofac has today confirmed a contract with Seagreen Wind Energy Ltd to design, supply and install the High Voltage Alternating Current (HVAC) onshore and offshore substations for the Seagreen offshore wind farm project. Petrofac has been awarded a lump-sum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Limited (BPCL) valued at approximately US$ 135 million. PETROFAC PROJECTS AND SERVICES PRIVATE LIMITED. WellAtlas® has been designed and developed by a team of engineers and software developers in conjunction with SPD’s well engineering and well construction teams. This is the second substantial Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Processing, to undertake a significant new Engineering, Procurement and Construction project at its Habshan Complex. Petrofac Limited results for the year ended 31 December 2021. 0 billion), including the following major awards: Petrofac first established a presence in the UAE in 1991 and has developed a large workforce to support both regional and international projects. Margins were further reduced by the write down announced on 11 March, as a Established in the UAE in 1991, with operational centres in Abu Dhabi and Sharjah, Petrofac has developed a large workforce supporting both regional and international projects, delivering In-Country Value. 1 billion, as part of TenneT’s 2-GW high-voltage direct current (HVDC) offshore wind program in the Dutch-German North Sea. The USD 700-million EPC contract involves constructing three gas compressor trains, associated utilities and power systems at the Petrofac Half Year Results 2024 10 Strong backlog and an attractive pipeline Backlog 18-month Group Pipeline1 of US$53 billion H1 2024 update: Pipeline breakdown Progress made in delivering the new portfolio of projects awarded in 2023 Strong new order intake in Asset Solutions ~US$0. Petrofac supports Finnish carbon capture project. 5 billion project with its joint venture partner, China Huanqiu Contracting & Engineering Corporation (HQC), with Petrofac’s share valued at No charges have been brought against any Petrofac Group company or any current officer or employee. Under the agreement, Petrofac’s Asset Solutions business will design and install facilities to optimise operations and reduce methane and SPD, part of Petrofac Production Solutions, is pleased to announce the release of WellAtlas®, its innovative new project management software for the oil & gas sector. Petrofac latest News. 17051820 People make Petrofac. Their project management expertise, supported by internationally recognised systems and fit-for-purpose controls, underpin safe, on-time delivery. In 2020, Petrofac was awarded the contract to provide the engineering, procurement, fabrication, transportation, offshore installation, and commissioning of the High Voltage Alternating Current (HVAC) offshore substation platform, including the Our integrated offering in new energies spans all phases of the project lifecycle, from initial design through to greenfield and brownfield EPC, operation, maintenance and training. 18%. 50p. The contract draws on Asset Solutions’ core services, including operations, maintenance, asset integrity, integrity management, marine services, well engineering, project delivery and supply chain services. A joint venture of Petrofac and Petrofac latest results and presentations. Latest trade price at 10:52 AM 10. The journey really began in 2004 when, on the back of the discovery of the world scale Kashagan oil field in the Atyrau region of Kazakhstan (estimated nine billion barrels of oil) the business secured a major piece of work on the experimental phase of Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has secured a subcontract for an offshore substation (OSS) high voltage direct current (HVDC) platform from Petrofac International (UAE) LLC worth RM1. The platform was installed in October 2018 Petrofac Projects And Services's operating revenue range is INR 1 cr - 100 cr for the financial year ending on 31 March, 2022. E&C’s financial performance in the year was materially impacted by the COVID-19 pandemic, which has disrupted project schedules and increased costs, as well as the recognition of losses on a small number of contracts. Active. In January 2009 Petrofac announced the award of the US$2. Sustainability . Commenting on the awards, Sunder said: “This is a great team achievement and a shining example of safe and efficient delivery, well done to everyone involved. Following the commencement of early works and completion of final investment decision, Petrofac has today confirmed a contract with Seagreen Wind Energy Ltd to design, supply and install the High Voltage Alternating Current (HVAC) onshore and offshore substations for the Seagreen offshore wind farm project. (P&GJ) — Petrofac has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Processing, to undertake a significant new engineering, procurement and construction project at its Habshan Complex. nearly a quarter of Oman’s entire current daily rate. We work globally. Petrofac secures integrated services contract for FPSO in Africa with CNR International. We’ll help to smooth your path to project sanction. We balance local awareness, and learnings from our truly global network to simplify the complex and One of our current projects is for the Duqm Refinery and Petrochemical Industries LLC (DRPIC) in Oman. This includes projects involving the Petrofac has signed an agreement with carbon capture technology company, CO2 Capsol, which enables collaboration on carbon capture projects. Petrofac’s Asset Solutions business is committed to net zero by 2025. The GC-32 Project involves Civil Works (for GC-32 Plot Area), and GC-32 Gathering Centre for South East Kuwait, KOC, Contract No. Petrofac Ltd has been notified by Abu Dhabi National Oil Company (ADNOC) of the lifting of the suspension imposed on 15th of March 2021 and the reinstatement of Petrofac in ADNOC’s commercial directory. Something that is less widely discussed but holds more immediate promise is smaller-scale manufacturing facilities, such as food processing and brewing, where there is often strong As a service-based business in the energy industry, our people, capabilities, and skills allow us to stand out from the crowd. Download PDF. 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 Petrofac is responsible for the complete Engineering, Procurement, Construction and offshore installation of two High Voltage Alternating Current (HVAC) transformer stations - Alpha and Beta, both designed and built in the UAE. We look forward to continuing to support the country’s growth and development in the years to come. The successful installation of one of two 700MW offshore substations at a Netherlands wind farm and connecting the other to the mainland grid in the midst of a pandemic are major milestones for project contractor Petrofac and the UAE’s manufacturing capabilities, a top company executive told Energy Connects. Office location for Petrofac Bangkok in Thailand. As with so many Petrofac projects, the ability The project completed to schedule following a successful collaboration between the three organisations. News Statement on resolution Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company Read about what a career at Petrofac in the UAE would bring and search for jobs at Petrofac in the UAE. Go. K. If you are a journalist in need of more information, you can A strategic investment for Oman, the Salalah LPG Extraction project will enable the Sultanate to get more value from its gas assets. Petrofac’s growing track record for safe and effective project delivery in the renewable energy sector resulted in an EPCIC contract for the Seagreen offshore wind farm development in Scotland, a joint venture between SSE Renewable (49%) and TotalEnergies (51%). Sunder Kalyanam, Group Over five years, Petrofac led a consortium with Athens-based Consolidated Contractors Company (CCC) to complete the Lower Fars Heavy Oil (LFHO) development – a first for our client, Kuwait Oil Company (KOC), and for the Middle East. Speaking to Petrofacts, colleagues in Duqm are frank about the challenges they faced to Petrofac can manage any well engineering project, either on an outsourced basis or as part of your team. The development marks a significant step towards achieving the European Union’s decarbonisation targets Our team delivering the Clean Fuels Project in Kuwait has achieved the Provisional Turnover of Facilities (PTOF) for Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Refinery Package 3 (MAB1). ©Petrofac Welcome to Petrofac's media centre. Sustainability. 02 December 2024 26 November 2024 Petrofac supports Finnish carbon capture project. Latest trade price at 05:18 PM 10. Company Category. Three years into the 44-month project, Ayad Chammas, project director, provides an update on what has been happening. the Ambassador and his delegation were given a SRIP project presentation and site tour by Petrofac’s project In time we developed a large workforce supporting both regional and international projects. Petrofac’s range of services meets its clients’ needs across the full life cycle of oil Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. ABU DHABI, October 31, 2023 – Petrofac has begun construction of a new gas compressor facility at ADNOC’s Habshan gas complex in the UAE, the UK-based engineering and technology company announced via social media on Monday. Oil and gas major BP has awarded a three-year operations services contract to Petrofac for the GTA project. This includes hydrocarbon developments and new energy sectors, including waste-to-value, emissions reduction, carbon capture, utilisation and storage (CCUS), blue and green hydrogen and offshore wind projects. Latest trade price at 05 supports regional and international projects. Registration Number. Petrofac provides front-end engineering design (FEED) for energy infrastructure projects globally. As well enabling the production of these new, cleaner fuel products, the project will also increase processing capacity at this key project for Kuwait’s refining industry. report 100% of the revenue and backlog on all current and future Petrofac Emirates’ projects (with Nama’s 25% economic interest reported as ‘profit for the year attributable to non-controlling interests’). RoC. 065 billion (AED 3. We are growing rapidly and offer exposure to an interesting work scope and a variety The award of this project is in line with Petrofac EPS’s strategy to focus on and secure small greenfield and brownfield EPC projects, utilising its capabilities, footprint and infrastructure. gov website belongs to an official government organization in the United States. The landmark framework agreement, which is the largest in Petrofac’s history, enables Petrofac and Hitachi Energy to plan in advance, secure Petrofac is helping the Dutch Government to meet its total target capacity of 3. Its services include an extensive technical eLearning library as well as custom content. L. The contract for the Arrowsmith Hydrogen Project represents a significant strategic step in Petrofac’s The Company is entering the final stages of the Laggan-Tormore gas plant project on Shetland in the UK. We are making good progress in new Petrofac was awarded the Engineering and Procurement of YKP project in 2015 and it was our second engineering and procurement contract with PDO after Rabab Harweel Integrated Project (RHIP). ©Petrofac Limited 2024 Registered Office: 26 New Street, St Helier And Petrofac has completed the engineering for sustainable aviation fuel projects, such as Firefly, where the demand for green hydrogen is particularly acute. The projects we support are usually complex. gov A . I'm your host, Darren, and I've been joined once again by John Pearson, Petrofac Chief Operating Officer of Energy Transition Projects. 2 billion (2012: US$3. Petrofac Bangkok Thailand. Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the Following the announcement of Friday 1st October 2021, Petrofac Limited (the “Company” or “Petrofac”) announces that Southwark Crown Court today imposed a total penalty of GBP 77 million (approximately US$104. People make Petrofac; that has and always will be true. 6 million at current exchange rates) in relation to seven historic offences of failing to prevent former Petrofac Group employees from offering or making Petrofac, a leading provider of services to the global energy industry, announced that it has been awarded a lump-sum engineering, procurement and construction (EPC) contract with ADNOC in the United Arab Emirates. This is where our emissions prediction and management solution comes into play, helping us minimise emissions by identifying actions across projects, assets we operate, and our facilities to reduce environmental impacts. 80MW. 26bn) contract for the Habshan carbon capture and storage project, as part of the Abu Dhabi-based energy giant’s broader decarbonisation plan. The challenges on these mature projects have been resolved and are not expected to have an impact in 2022. Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Petrofac, a leading provider of services to the global energy industry, and Hitachi Energy, a global technology leader that is advancing a sustainable future for all, announce As the much-anticipated commercial launch of Oman’s Duqm Refinery approaches, Petrofac has outlined new details of the mega-project. Petrofac has signed a USD 600-million contract with ADNOC Gas to provide EPC services for Habshan CCUS project, the UK engineering giant announced on Tuesday. IT IS SOON TO BE ONE OF THE LARGEST OIL REFINERIES IN THE MIDDLE EAST AND REINFORCES PETROFAC’S COMMITMENT TO AND LONG HISTORY IN OMAN. Tareq has completed both domestic and international assignments for mega onshore and offshore oil and gas projects. Tareq is fluent in Arabic and has extensive experience of the Middle East Petrofac will be responsible for the construction and offshore installation of the BorWin3 platform, which will house a Siemens high voltage direct current (HVDC) station that converts the alternating current produced by the wind turbines to direct current before transmitting it onshore to the German national grid. Latest trade price at 04:35 PM 10. The multi-billion dollar project is being developed by the Duqm Refinery and Petrochemical Industries Company (OQ8) – a joint venture between OQ Group and Kuwait Petroleum International. “Our current decommissioning situation involves parallel A strong track record of safe and reliable project execution; pioneering energy projects worldwide – we deliver solutions that add value for you. The multi-million-dollar contract encompasses a broad range of services including onshore and offshore management and supervision, personnel provision and equipment maintenance. The scope of this seven-year contract The two brands will leverage Petrofac’s technical engineering expertise during the early phases of Protium's projects with the aim of delivering the full EPC offering to shared clients. Petrofac offers the complete capability to successfully manage any well-related project – either as a fully outsourced service, or part of your team. Petrofac has been deploying its expertise in support of renewable energy projects since 2008 and has an extensive track record in offshore wind. It's EBITDA has increased by 295. Here you can find the latest press releases, magazine articles, stories and opinion pieces, background information, as well as images for download. As Elie Lahoud, Chief Operating Officer for our E&C division, marks 25 years at Petrofac, he reflects on his career and what the future holds. Meet our team at ADIPEC in Hall 9 | Stand 9210. Petrofac has been present in Iraq since 2010. Petrofac creates best-in-class digital training content to support the energy sector, improving training curriculum and enhancing organisational development. Securing project sanction. Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the ADNOC Gas has awarded a $615m (Dhs2. ENOC Group, a leading integrated global energy player and a wholly owned entity of the Government of Dubai, and Petrofac, today announced a partnership to launch a new technical training programme aimed at cultivating the skills and expertise of young Emirati nationals . We blend our front-end engineering skills with our project management expertise, mass procurement network and logistics knowledge to design and execute large-scale, complex, EPC project design, construction, commissioning and handover. 4 billion) with strong order intake in both E&C and Asset Solutions • Asset Solutions and IES performance in line with expectations • E&C expecting an EBIT loss of Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth US$600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Search for jobs related to Petrofac current projects or hire on the world's largest freelancing marketplace with 23m+ jobs. With a commitment to deliver In-Country Value, Emiratisation is a key business priority and Petrofac is actively promoting current career opportunities for UAE nationals. Equivalent to 200 football pitches, the huge project covers a total area of 1. ) (“Bapco Upstream”), to further enhance its production in Bahrain. It's free to sign up and bid on jobs. This follows Petrofac’s initial scope supporting the transition of the asset from Mobil Equatorial Guinea Inc (MEGI). The scope of work includes delivery of carbon capture units, associated pipeline infrastructure and a network of wells for carbon dioxide recovery and injection. In this episode, we'll be discussing the progress being made in energy transition, Petrofac's growing role, and how we Petrofac Ltd, the U. Project completion is planned for the end of 2024. ©Petrofac Limited 2024 Registered Office: 26 New Street, St Helier, Jersey, JE2 3RA. The Company has delivered projects for both HVDC and HVAC offshore and onshore substations for major offshore wind farms across several of Europe’s leading developments. Petrofac secures $700mn Adnoc EPC contract for gas plant development. ) has been awarded its first-ever green hydrogen Front End Engineering Design (FEED) contract for Australia’s largest commercial-scale green hydrogen complex. We deliver our engineering in-house and our Indian engineers have a long history and track record of delivering EPC projects for the world’s leading international and national energy clients around We are deploying our expertise in gas processing, transport, and storage, and our brownfield EPC capabilities to support the early development of large-scale CCUS projects associated with the UK’s CCUS clusters, as well as other carbon capture projects worldwide. Petrofac provides an update with respect to its review of strategic and financial options, further to its announcements on 4 December 2023 and 20 December 2023. 30 June 2023 ADNOC AWARDS PETROFAC US$700 MILLION EPC PROJECT . The Engineering, Procurement, Construction, and Commissioning (EPCC) scope of work includes high pressure gas pipelines and fibre optic cabling. With a 43-year track record for excellence, our EPC business delivers onshore and offshore EPC (engineering, procurement, construction), installation and commissioning projects. In 2008, we established Petrofac Emirates in Abu Dhabi to provide a full range of engineering, design, procurement, and construction services for Following a provisional award in August 2022, a Petrofac-led consortium signed on September 29 an EPC contract with Sonatrach for the Tinrhert EPC2 Development Project. Company limited by Shares. which enables Petrofac to provide EPCm support services for major oil and gas projects. 4 billion, and will be completed over a period of approximately four years. Petrofac, a leading provider of services to the global energy industry, has been awarded a multi-million-dollar, two-year contract by Bapco Upstream W. Petrofac, in consortium with Siemens, were awarded the project contract in 2014, with responsibility for the engineering, procurement, construction, transport and installation of the platform offshore. Latest trade price at 05:44 PM 10. (Saipem) and Samsung Engineering Co Ltd (Samsung), Petrofac was awarded the engineering, procurement, construction and commissioning contract in 2018. 39p. -based energy services provider, has been awarded a $615 million engineering, procurement, and construction (EPC) contract by the state-owned Abu Dhabi National Oil Co Petrofac’s scope on the project is the utilities and offsites package (EPC 2), a joint venture with Samsung Engineering that Petrofac is leading. The magazine ranking took into account financial reports, current and completed projects, project backlog, sustainability initiatives, and the company’s overall impact and future potential in the Middle East. We design, build, operate, and maintain many of the Petrofac had first established a presence in the UAE in 1991 and has over the years developed a large workforce to support both regional and international projects. Helier, U. 6 billion at 30 June 2023 (31 December 2022: US$3. Petrofac, a leading provider of services to the global energy industry, has been awarded a facilities management contract by CNR International (CNRI) offshore the Ivory Coast, West Africa. This project is designed to meet the requirements for cleaner fuels and improve the operational and carbon efficiency of the plant. Can you give us a breakdown of your current projects? Petrofac and ENOC Group collaborate to foster Emirati talent in the energy sector. petrochemicals, and new energy projects. Storegga, through its wholly owned subsidiary Pale Blue Dot Energy, is pleased to announce it has been awarded a £249,000 grant by the UK Government’s Department for Business, Energy and Industrial Strategy (“BEIS”) for a development project in Direct Air Capture (“DAC”) – a technology that captures carbon dioxide (“CO2”) directly out of the atmosphere. Related Oilfield services provider Petrofac has secured two new contracts with Cairn Oil & Gas, Vedanta Limited, India’s largest private oil and gas exploration company with a combined value of approximately $100 million. The 900 MW project is now converting three-phase electric power generated by offshore wind farms into direct current and transmitting it 160 kilometres back to shore into the German national grid, from where it will soon supply more than one million of the country’s households EPC giant Petrofac and Hitachi Energy were awarded a multi-year framework contract worth $14. Read more. It became operational in 2020. Prashant Bokil, JV Project Director, said: Petrofac, a leading provider of services to the global energy industry, has been selected by Shell to undertake new Engineering and Procurement Services (EPS) scopes in Oman. “Energy transition projects like this reflect our growing role in helping deliver key infrastructure that will be vital to achieving a lower-carbon future. Backlog Quality: We expect the backlog quality to suffer, due to decreased project diversification as current projects are completed and Petrofac maintains a book-to-bill ratio at less than 1x for 2021 Petrofac secures £5 million maintenance build contract for Shah Deniz 2 project Due for completion in 2018, this is part of a long-term project that will see Shah Deniz 2 add a further 16 billion cubic metres (bcma) per annum of gas production to the current 9 bcma produced by Shah Deniz Stage 1, through the opening of a new Southern Gas OCI Global, a global leader in ammonia, fertilisers and methanol for transportation and agriculture and Petrofac, an international service provider to the energy industry, announced their partnership to deliver OCI’s programme of gasification-based green methanol projects. Chady joined Petrofac as a graduate The contract, awarded to Petrofac Emirates, is valued at approximately $700 million and involves the Engineering, Procurement and Construction of a new gas compressor plant. Under the agreement, Petrofac’s Asset Solutions business will design and install facilities to optimise operations and reduce methane and Mega downstream project to create world-class facility; Gas field mega project delivered in record time in a challenging environment; Oil and gas mega project delivered in a challenging environment; A mega project in Oman completed on time and below budget; Petrofac’s renewable energy record enhanced by Scotland’s Seagreen project Petrofac's presence in Lithuania is split between the Mažeikiai Refinery in the northwest of the country and the office in the capital Vilnius. com’. We pride ourselves on local delivery and maximising the value of our projects for local economies ©Petrofac Limited 2024 Registered Office: 26 New Street, St With some of the largest oil reserves in Africa, Libya is positioning itself to become a major oil and gas producer. Petrofac announces it has been awarded an Engineering, Procurement and Construction (EPC) contract, valued at around EUR550 million (approx US$640 million), from PC ORLEN Lietuva to support a comprehensive modernisation, environmental upgrade, and expansion programme at its Mažeikiai Refinery in project, and the fourth successive renewal of our operations and maintenance contract for South Oil Company. The Alpha topside was installed on its jacket, about 20 kilometres off the coast of The Hague, in December 2021. Go to Investors trailblazing projects with local partners. The company first established a presence in the UAE in 1991 and has developed a large workforce to support both regional and international energy projects. Petrofac has begun a multi-million-dollar front-end-engineering design (FEED) for the Netherlands’ flagship carbon transport and storage (CCS) system, Aramis. With a commitment to deliver In-Country Value, Emiratisation is a key business priority and Petrofac is actively promoting current career opportunities. Under the agreement, Petrofac’s Asset Solutions business will design and install facilities to optimise A small team produces huge results. CIN. Petrofac formed and led a joint venture (JV) partnership with Samsung Engineering Co Ltd and CB&I Nederland BV. The successful installation of one of two 700MW offshore substations at a Netherlands wind farm and connecting the other to the mainland grid in the midst of a Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind "2GW Program”, based on high-voltage direct Petrofac, leading a joint venture with petrochemical industry specialist, China Huanqiu Contracting & Engineering Corporation (HQC), has received notification of a Official websites use . 10 Petrofac Projects and Services Reviews by current and past employees about salary & benefits work culture skill development career growth job security work-life balance and more. 18 November 2024 Petrofac extends forbearance agreement - November 2024. See pages 8 and 33 See page 34 See page 34 See page 36 A mega project in Oman completed on time and below budget; Petrofac’s renewable energy record enhanced by Scotland’s Seagreen project; Digital innovations further enhance brownfield delivery model; Well decommissioning: shared risk, well rewarded UK’s current near-shore floating wind capacity. Petrofac is currently partnering with Storegga Geotechnologies through a Technical Delivery Alliance to support the technical development and management of Storegga’s low carbon initiatives, along with other complementary projects across direct air capture (DAC), CCUS and blue hydrogen. qqplul sgci mqge uddw xaqzz cjgfj jqiee eiys rug hhpymvf
Petrofac current projects. One of TenneT's key .
