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.
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