#PDO STOCK FULL#
Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.
Petrofac designs and builds oil and gas facilities operates, maintains and manages facilities and trains personnel enhances production and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac is quoted on the London Stock Exchange (symbol: PFC). Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Jonathan Low, Head of Investor Flynn, Group Head of Dyke, Regional Head of Communications (0) Our focus will remain on safe operations and maximising in-country value through the continued development of local workforce competence and strong supply chain partnerships." The Yibal Khuff Project, originally awarded to Petrofac in June 2015, is already in an advanced phase of construction and pre-commissioning, and the delivery of additional wells is to be synchronised for overall readiness.Įlie Lahoud, Group Managing Director, Engineering & Construction said: "This latest project award under the long-term framework agreement with PDO for Mabrouk North East, and additional scope of work for the Yibal Khuff Project, both further underpin our significant track record and commitment to delivering value in Oman.
This 20-month contract includes detailed Engineering, Procurement, and support for Construction and Commissioning of nine additional wells to improve overall plant production, and laying of gas pipeline from Yibal "A" to the main processing facility.
The other scope of work awarded is to provide further services for PDO's Yibal Khuff Project. The project will be integrated with the Mabrouk North East Line Pipe Procurement Project, which was awarded to Petrofac in June 2019. PDO-1 Productivity of pink salmon of brood year y1 was also analysed for association with the annual winter PDO index to determine if basin-scale. The 34-month project scope awarded involves the development of 16 gas producing wells and export of the production to the Saih Rawl Central Processing Plant. The full field development of Mabrouk North East field is planned to be executed in a phased approach. The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman. The Fund’s investment objectives are considered non-fundamental and may be changed by the Fund’s board of trustees (the Board) without shareholder approval. Petrofac announces today a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130 million. The Fund seeks high current income as a primary objective and capital appreciation as a secondary objective. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.PETROFAC SECURES US$130 MILLION IN PDO AWARDS Additionally, there was a 2 per cent rise in Stock Oil Initially In Place (STOIIP) to 67.8 billion barrels and a 4 per cent increase in Gas Initially In Place (GIIP) to 78.2 trillion cubic feet (tcf). You expressly agree that your use of the information within this article is at your sole risk. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. The press release is provided for informational purposes only. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. This content is provided on an “as is” and “as available” basis and has not been edited in any way. This website is not responsible for, and does not control, such external content. Disclaimer: The contents of this press release was provided from an external third party provider.
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