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Petrofac awarded $1 billion EPC project in Algeria
14 March 2019 , 12:07Neftegaz.RU985
Algiers, March 14 - Neftegaz.RU. Petrofac has been awarded a contract worth around $1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria.
Located around 1,100 km south-east of Algiers, the Ain Tsila field will produce gas, LPG and condensate, for the local Algerian market and for export. Under the terms of the 42-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes commissioning, start-up and performance testing.
E.Sathyanarayanan, Group Managing Director, Engineering & Construction, commented: «I am delighted we have the opportunity to be working with the Groupement Isarene partners to deliver this strategically important project. This award builds on Petrofac’s significant track record in Algeria where we have been operating successfully for more than 20 years, with a strong record for project execution and the development of local capability.»
Petrofac’s EPC activities in Algeria include Sonatrach’s Tinrhert Field Development Project, along with the Alrar and Reggane projects that commenced production last year.
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