News // Companies
Petrofac secures $265 million contract with Petroleum Development Oman
30 March 2018 , 12:08Neftegaz.RU606
Muscat, 30 March - Neftegaz.RU. Petrofac has been awarded a contract worth $265 million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman.
This is the 1st award to be secured under a 10-year Framework Agreement with Petroleum Development Oman (PDO) signed in 2017, which enables Petrofac to provide Engineering, Procurement and Construction Management (EP+Cm) Support Services for PDO’s major oil and gas projects.
The award of the MPP3 project builds on Petrofac’s existing track record of EP+Cm support contract delivery for the Rabab Harweel Integrated Project and Yibal Khuff Project.
It is the latest in a series of awards for Petrofac in Oman, where the Group has been operating for more than three decades, delivering projects and services on both a lump-sum and reimbursable basis.
The scope of MPP3 involves Engineering, Procurement and Construction support for the extension of off-plot and on-plot production facilities associated with around 500 producing and 75 injector wells. Petrofac will undertake the engineering, procurement and project management activities from its Muscat office, which will be expanded to support the needs of the MPP3 project.
Said Al-Maktoomi, Frame agreement contract holder, PDO, said: «MPP3 is a key project for PDO. Upon completion it will significantly expand our Enhanced Oil Recovery programme for heavy crude. Petrofac has already demonstrated its effectiveness as a partner to PDO and our teams will continue to work with shared goals and true collaboration as we move forward.»
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