Petrofac Group News

Petrofac said it has signed a contract worth nearly $600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC), to undertake the engineering, procurement and construction (EPC) of its Salalah LPG extraction project in the southern part of Oman. Under the terms of the 36-month lump sum EPC contract, which will be triggered when SLPG issue to Petrofac the Notice To Proceed (NTP), Petrofac's scope of work will include construction of the liquefied petroleum gas (LPG) unit and associated facilities, including tie-ins to existing pipeline infrastructure, together with LPG storage and jetty facilities at the Port of Salalah.

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons. Senior Independent Director, Rijnhard van Tets, will assume the role of Chairman with effect from today. Rijnhard was appointed as a Non-executive Director in May 2007 and became Senior Independent Director in May 2011. Non-executive Director, Thomas Thune Andersen, will become Senior Independent Director. Norman Murray commented: “It is with tremendous sadness that I step down from the Board. I would like to thank my Board colleagues for their support during my tenure and their understanding of my current situation.

Service provider to the oil and gas industry, UK-based Petrofac, confirms placement orders to build its new proprietary design Petrofac JSD 6000 deepwater derrick lay vessel, which will be available for construction and installation activities in early 2017. Petrofac inform that the vessel is based on a unique design which integrates the J-Lay, S-Lay and derrick functions and will provide Petrofac with access to high-end turnkey opportunities in the high growth deepwater and SURF markets, and expand access to shallow water EPCI projects.