15 April 2004
Petrofac selected to negotiate Syria contract
The Petrofac Group through its wholly owned subsidiary Petrofac Resources International Limited and its partners Petro-Canada and Occidental Petroleum Corporation have been notified by the Ministry of Petroleum and Natural Resources of Syria that the group has been selected to negotiate the terms of a Production Sharing Contract to develop the Middle Area Gas fields in central Syria. Negotiations will commence shortly.
The project will entail the appraisal and development of up to 15 gas fields and the construction of two gas treatment and separation plants – one situated east of Homs & the other southeast of Aleppo.
Ayman Asfari, Chief Executive of Petrofac Limited, said: “We are pleased to have been selected by the Ministry to negotiate for this project and to have the opportunity to invest in the future of the Syrian gas market.” Amjad Bseisu, Chief Executive of Petrofac Resources International Limited, said: “Following this award Syria will become our third core country in our resource business, alongside the UK and Algeria, and we look forward to completing negotiations with the Ministry on the Production Sharing Contract in a timely manner.”