- Press Statement28 December 2006
- Graduates Complete Training Programme19 December 2006
- Trading update18 December 2006
- Investment in UK North Sea Interest18 December 2006
- Education Project for Sudanese Community14 December 2006
- Petrofac Awarded Duty Holder Contract in the Southern North Sea14 December 2006
- UK's First Pipeline Training Facility opens in the UK1 December 2006
- Petrofac Awarded Irish Sea Duty Holder Contract27 November 2006
- Petrofac Wins Consecutive Gas Plant Contract in Egypt27 November 2006
- Petrofac Wins OCA Awards22 November 2006
- Hasdrubal Gas Plant Contract Award in Tunisia15 November 2006
- WaGE Meets Major Milestones14 November 2006
- Petrofac Wins Gas Plant Contract in Egypt14 November 2006
- Petrofac Awarded Strasshof Development FEED13 November 2006
- First Cargo Lifting from Cendor Field, Malaysia9 November 2006
- Investment in Tunisian Interest9 November 2006
- Petrofac Training to establish Deepwater Training function for BP USA29 March 2006
- Petrofac Training Secures Contract with ECITB24 March 2006
- Shell Selects RGIT Montrose to Deliver New Standard in Water Survival Training in the Gulf of Mexico6 March 2006
- Petrofac Wins Contract in Kazakhstan with Karachaganak Award1 March 2006
Training Division acquires Sakhalin Training Business
2 May, 2006
Petrofac, the international oil & gas facilities service provider, announces today that Petrofac Training has expanded its capability by acquiring from the PPS Group, certain companies which provide operations & maintenance training on Sakhalin Island, Russia (PKT companies), and process control & instrumentation services, in Singapore, Malaysia and Indonesia (PCI companies).
The PPS Group was established in 1990 to provide specialised services primarily in the area of commissioning, start-up, operations & maintenance and training to the oil & gas and petrochemical industries. In 2003, it formed a Russian joint venture company, PKT Technical Services Limited, to provide operations & maintenance training to Sakhalin Energy Investment Company (SEIC), and then in 2005 launched a subsidiary, PKT Training Services Limited, to expand its presence in this market. Running to December 2008, PKT’s current contracts with SEIC are for the provision of technical, operations and maintenance training along with specific competency development, with a target to train over 200 technicians during this period.
The acquisition provides Petrofac with a presence in one of the most significant oil & gas development areas in the world today; the Sakhalin II development is expected to create more than 2,000 jobs, generating significant training opportunities on the Island. The acquisition of PKT ensures Petrofac is well placed to address this market.
In addition, the acquisition enhances Petrofac Training’s capability in the areas of mechanical, electrical and process engineering training, which can be utilised worldwide.
The PCI companies currently provide design, engineering, system developments and process skid fabrication, providing Petrofac Training with additional engineering design in support of its training operations.
Leigh Howarth, Managing Director of Petrofac Training, said: “We are delighted with this acquisition which enhances our international training capability and follows our wider strategy to focus on regions with major hydrocarbon reserves. There are a number of opportunities to grow and develop the business in the region, particularly in relation to the Sakhalin projects.”
Phil Costelloe, who joins Petrofac Training from the PPS Group at Director level with responsibility for the PKT & PCI companies, said: “This opportunity has come at an excellent time for PKT & PCI, allowing the business to build on the foundations already developed in Sakhalin Island, Singapore, Malaysia and Indonesia. To be part of Petrofac will undoubtedly be of benefit. It has been clear from the outset that our common approach to the market place and to the provision of quality services should result in a very bright future for all concerned.”
Approximately 40 staff will transfer from the PPS Group to Petrofac Training.