By Joanne Bladd
Abu Dhabi oil services group to build fuel and gas oil pipelines for Kuwait Oil Co.
Petrofac, the Abu Dhabi-based oil services group, has won a KD116.4m ($400m) contract with the state-back Kuwait Oil Company to build fuel and gas oil pipelines.
The contract, which will span an estimated 23.5 months, will include a fuel oil pumping station, metering systems, utilities systems, the firm said in a statement.
Petrofac, which is listed on the London Stock Exchange, posted full year revenues of $3.655m last year.
Petrofac shares at 11.25 GMT were 1287 pence valuing the company at GBP4.46bn.
I thought Petrofac was based in Sharjah.
I thought Petrofac was a UK Company with their HQ on High Street in London.
Petrofac is a UK based company but two of its operational centres are in the UAE - one in Abu Dhabi and one in Sharjah :) There are others in Aberdeen, Mumbai, Chennai and Woking (England). I think the article refers to a contract that has been won by the Abu Dhabi centre, Petrofac Emirates.