Tag: Petrofac

Former Petrofac executives pleads guilty to fraud
Policy

Former Petrofac executives pleads guilty to fraud

London-based Petrofac Plc, said a former employee of its subsidiary yesterday admitted bribery under the UK Bribery Act 2010. The company said in a statement that that no charges have been brought against any Group company or any other officers or employees. Although not charged, a number of Petrofac individuals […]

Petrofac appoints Fady Sleiman as head of digital
Tech

Petrofac appoints Fady Sleiman as head of digital

London-based Petrofac said it has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation. Petrofac said in a statement that Fady joins from MENA investment company Waha Capital, where he was Chief Information Officer/Group Head of IT for the Abu Dhabi based company from […]

Petrofac secures USD370 million Southern Iraq contract
Energy

Petrofac secures USD370 million Southern Iraq contract

Petrofac has been awarded a contract worth around USD370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two […]

Petrofac gets contract worth USD110 million in Iraq
Global

Petrofac gets contract worth USD110 million in Iraq

Petrofac said it has secured a new award and a number of contract extensions, with a combined value of more than USD110 million, for construction management, engineering, commissioning and start-up services for international oil company clients in Iraq. Petrofac has been active in Iraq since 2010 and has developed a […]

Petrofac sells JSD6000 project to ZPMC $190 million
Energy Global

Petrofac sells JSD6000 project to ZPMC $190 million

London-based Petrofac said its subsidiary, Petrofac International (UAE) LLC has signed an agreement to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co Ltd. The transaction comprises the sale of all JSD6000 related assets held by Petrofac, including the owner furnished equipment, for a gross consideration of US$190 million […]

Petrofac secures $233 million EPC contract in India
Europe Global

Petrofac secures $233 million EPC contract in India

London-based Petrofac said it has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India. The company said in a statement that the lump-sum engineering, procurement and construction (EPC) project, valued at approximately US$233 million, is for integrated gas […]

Petrofac gets EPC contract worth $135 million from Bharat Petroleum
Energy Global

Petrofac gets EPC contract worth $135 million from Bharat Petroleum

London-based 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 said in a statement that the project is located at BPCL’s Kochi Refinery, Kerala, India, the scope of work encompasses engineering, procurement, construction, pre-commissioning […]