Award of Karachaganak Phase III Feed

Petrofac, the international oil & gas facilities service provider, has received a letter of award from Karachaganak Petroleum Operating BV (KPO) for a Front-End Engineering and Design (FEED) study for Phase III of the development of the Karachaganak Processing Complex (KPC) in Kazakhstan.  This award by KPO follows completion of a FEED study for the KPC fourth stabilisation and sweetening train and subsequent award of the detailed engineering, procurement, construction management and commissioning support for the train.

The Phase III FEED, which is scheduled for completion around mid-2008, will be executed on a reimbursable basis from Petrofac’s offices in Woking, drawing upon resources from across Petrofac’s Engineering & Construction division, and involving up to 400 engineering staff.  Petrofac will be working alongside KPO, its partners and with NIPI Caspian Engineering and Research (CER), an affiliate of the Kazakh Institute of Oil and Gas, based in Aksai and Aktau in Kazakhstan.  Petrofac and CER will use a jointly developed engineering capability to increase long-term Kazakh development and Kazakh content.

Commenting on the award, Maroun Semaan, chief executive of Engineering & Construction division, said: “We are delighted to have secured this major award; it represents a significant step forward for Petrofac in terms of the provision of engineering services and further reinforces our position in and commitment to the substantial capital investment programmes that are underway and being planned in Kazakhstan and the Caspian region.”