UAE-linked oil services firm secures third project under a 10-year agreement with Petroleum Development Oman
UAE-linked oil services firm Petrofac has secured its third project under a 10-year agreement with Petroleum Development Oman (PDO).
The award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman is valued at approximately $75 million.
The 19-month project scope includes management of line pipe material from sourcing, technical and commercial evaluation, planning and control services with management and co-ordination of interfaces with all parties involved.
Elie Lahoud, group managing director, Engineering and Construction - Oman, Iraq and Saudi Arabia said: "We have a strong track record with PDO in Oman and are delighted to have been awarded this latest project under the long-term framework agreement.
"We continue to maximise the provision of local goods and services which evidences our ongoing commitment to delivering in-country value through each of the projects we undertake in the sultanate."
Petrofac was established in the UAE in 1991, with over 4,000 employees at its Sharjah locations.
In Abu Dhabi, its 75 percent owned subsidiary, Petrofac Emirates, has major projects for the Adnoc Group at the offshore Satah Al Razboot and Upper Zalum fields and an onshore contract for the Al Taweelah Alumina project for Emirates Global Aluminium.