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.
The OPEC+ group left their target production level unchanged amid many uncertainties in the oil market, OPEC didn’t make material changes in its estimates of global oil demand growth, while the biggest oil and gas firms in the Middle East made major announcements and signed landmark deals in December.
Petrofac has been awarded a lump-sum engineering, procurement and construction (EPC) contract with ADNOC in the United Arab Emirates. Under the agreement, Petrofac’s Asset Solutions business will design and install facilities to optimise operations and reduce methane and greenhouse gas emissions at the Habshan Complex, located 150 kms South West of Abu Dhabi.
- Petrofac secures brownfield EPC euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.