Petrofac has been awarded a contract worth around $1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, on March 13 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.
“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. We are focused on delivering an effective, safe solution that meets our high standards and continues our commitment to the local energy sector,” E S Sathyanarayanan, Petrofac’s group managing director, engineering & construction, said.
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.
BP to sell U.S. onshore assets to help fund BHP asset purchase. Plus, the Canadian government is giving its struggling oil sector a boost.
Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.
Current trends have created positive global growth for the oil and gas industry, Deloitte’s John England told DUG Eagle Ford attendees.