Lump-sum turnkey

Petrofac has strong, enduring relationships with many of the world’s leading International and National Oil Companies, with a large portfolio of lump-sum turnkey (LSTK) projects underway.

Our extensive expertise is predominantly in an engineering, procurement and construction (EPC) environment.

We usually deliver our onshore projects on a lump-sum EPC basis but have the flexibility to offer a variety of commercial models that are tailored to meet our customers’ needs.

We are also commercially flexible in our approach to offshore engineering and construction projects, with a wealth of LSTK expertise in an engineering, procurement, construction and installation (EPCI) environment. As well as our traditional oil and gas track record, we also have an impressive and growing portfolio in the renewables sector, particularly in offshore wind.

LSTK is the model predominantly used for our Engineering & Construction (E&C) division (which contributes around 75% of Group revenue).

Across our portfolio of lump-sum projects, we delivered more than 200 million man hours and maintained an excellent safety record in 2016.

Differentiated engineering solutions

Learn more about our field development planning, feasibility studies, concept, pre-FEED and FEED services