Petrofac Limited (PFC.L,POFCY.PK) announced it has been awarded an engineering, procurement, installation and commissioning, or EPIC, contract by Abu Dhabi Marine Operating Company for Satah Al Razboot package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will be delivered by April 2016.
Under the terms of the contract Petrofac will deliver 200km of subsea pipelines for well fluid, water injection, gas injection, flare and export, along with 3km of onshore pipeline and 55km of subsea power and communication cables.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.