Petrofac wins 250-million-dollar UAE contract
British-based energy services provider Petrofac on Monday won a contract worth more than 250 million dollars to operate a gas plant in Sharjah, the company said.
The contract was awarded by the government of Sharjah, one of seven emirates that make up the United Arab Emirates federation, "following a competitive open bidding process," Petrofac said in a statement.
Through the "Duty Holder contract", Petrofac is expected to provide a full range of management service to the government, including reservoir management, drilling and well services, plant operations and engineering and project management, it said.
The government of Sharjah, through its Sharjah Petroleum Council, holds a 60-percent participating interest in the Sharjah gas and associated liquids concession, while BP holds the rest.
BP is also in charge of the petroleum operations of the concession, together with the Sajaa plant and related facilities.
"The concession expires in November 2013 and the government of Sharjah and BP are actively working together on assuring a smooth transition of the BP-operated facilities to the government," the statement said.
Petrofac will assume control of the operations by the end of 2010 while the government will become the concession operator.
© 2010 AFP