30 August 2004
Petrofac Enters Kazakhstan Market with Kashagan Award
Petrofac Engineering & Construction has secured a multi-million dollar contract to develop process facilities for the vast Kashagan field in Kazakhstan, one of the world’s largest untapped oilfields. The contract for AGIP Kazakhstan North Caspian Operating Company (AGIP KCO) covers engineering and procurement for the onshore oil, gas and sulphur plants.
Petrofac will work alongside AGIP KCO and its partners in the multibillion dollar development, including Exxon Mobil, Shell, Conoco Philips, Total, INPEX and KazMunayGaz. The project, which is due for completion in end-2006, will draw on expertise throughout Petrofac’s Engineering & Construction division, with the integrated project organisation based in Sharjah, UAE, supported by the engineering offices in Mumbai, India and Woking, UK.
The award is recognition of Petrofac’s ability to execute large and demanding projects in some of the world’s toughest locations and of the group’s proven track record on previous projects in the Caspian region.
Commenting on the award, Maroun Semaan, CEO, Petrofac Engineering & Construction said, “The proposal team, led by Rajesh Verma, executive VP – Technical services, has worked tirelessly to close the deal. We are delighted that the award has finally come to Petrofac.”
Verma said, “Each of the three projects (the oil, gas and sulphur plants) is everyday core business for Petrofac. However, the fact that they are running in parallel enables us to realise efficiencies in engineering and increase procurement leverage with suppliers. This has resulted in Petrofac being able to submit a winning technical and commercial proposal to AGIP KCO.”
First oil from the field, which is located offshore in the north of the Caspian Sea, is scheduled for 2008.