Petrofac Wins Consecutive Gas Plant Contract In Egypt

Petrofac has been awarded an additional lump sum engineering, procurement and construction (EPC) scope by Khalda Petroleum Company (KPC) to build its fourth gas processing train at Salam area in Egypt's Western Desert. This second consecutive train, awarded to Petrofac by KPC during November, increases the Khalda contract from US$200 million to a total of US$375 million. KPC is the joint venture company between Apache Corporation and Egyptian General Petroleum Corporation (EGPC).

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

Commenting on the award, Maroun Semaan, chief executive, Petrofac Engineering & Construction said: "We are proud to receive this successive award from KPC which further consolidates our position in the Egyptian market. This award is also significant in reinforcing Petrofac's position in its core gas plant business and we look forward to working with KPC towards successful project delivery."

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 and SGT4 will be two gas conditioning trains 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 28/11/06

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