Petrofac Awarded Lump Sum EPC Contract by Khalda Petroleum

Petrofac has been awarded a US$200 million lump sum engineering, procurement and construction (EPC) contract by Khalda Petroleum Company* (KPC) to build a new gas processing facility at Salam area in Egypt. KPC is a joint venture company between Apache Corporation and Egyptian General Petroleum Corporation (EGPC).

The project, scheduled for completion before the end of 2008, will also be utilising the capabilities and expertise of local construction and fabrication company, Petrojet. The project scope covers execution of project management, detailed design, procurement, construction, pre-commissioning, commissioning, start-up, performance testing and initial operations. KPC is adding this third gas processing train (SGT3*) to its existing gas facilities in the Salam area to process the gas produced from its new discoveries.

Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering & Construction said: "We are delighted to re-enter the Egyptian market. This is a major development for our core gas plant business and this will be our eighth gas processing plant project undertaken in the last ten years. We are very much looking forward to providing our expertise to this important new customer, Khalda Petroleum Company."

Khalda's joint venture partner, Apache Corporation, is a large independent oil and gas exploration development company. Egypt is a rapidly growing segment of Apache's international portfolio with rising production and reserves and an extensive exploration programme that resulted in the largest discovery in Apache's history at Qasr in the Khalda Concession during 2005.

* SGT3 will be a gas conditioning train encompassing gas separation, mercury removal, gas dehydration, TEG regeneration, gas dew-pointing, CO2 removal, gas export compression, condensate stabilisation, condensate storage and export system, recycle gas compression, flare system, hot oil system, power generation/distribution and all associated tie-ins with the existing plant.

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Posted 14/11/06

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