Petrofac News 1700X397
20 March 2008

Petrofac Awarded Jihar Gas Plant Project in Syria

Petrofac, the international oil & gas facilities service provider, has received a letter of intent for the award of a Euros €291 million (US$454 million) lump-sum contract by the Hayan Petroleum Company in Syria to construct a gas treatment plant.

The plant will be built on the Jihar field in the Hayan Block, located near to the town of Palmyra, which consists of the gas/condensate/oil fields for Jihar, Al Mahr & Jazal. Petrofac’s comprehensive scope of work will cover engineering, procurement and construction, pre-commissioning and commissioning, and start-up of the gas processing facilities. In addition to the plant, Petrofac will build an LPG recovery system, LPG storage and loading facility, gas gathering and collection systems, satellite gathering station, well sites, flow lines, utilities and offsite facilities, gathering pipelines and living quarters. The project is due to be completed first quarter 2011.

The Hayan Petroleum Company (HPC) is a joint stock company owned equally between Syrian Petroleum Company (a Syrian Government company) and INA Industrija Nafte d.d.-Naftaplin (a part of INA d.d., a Croatian company) that has some ten years of experience in Syria’s oil industry.

Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering & Construction, said: “This development capitalises on our execution capability in Syria where we have successfully completed several EPC projects. We are pleased to be back in this market.”