British Petrofac secured $100m contract Deal with Oil & Gas Company in Libya
British Petrofac secured more than $100 million worth of contracts with a Libyan company known as Zallaf Libya Oil & Gas Exploration and Production Company.
Petrofac secured the contract to deliver the first phase of the Erawin Field Development Project for early production facilities. Phase 1 of the project involves engineering, procurement, construction & commissioning (EPCC) work.
The EPCC scope work encompasses various surface equipment such as flowlines and well pads at the Erawin oil field in Southwest Libya.
The first phase will also include a pipeline network to transmit the extracted crude oil through 100 Km to a terminal at El Sharara oil field, substation, telecom system, and a control room in the oil field.
In addition to the newly signed contract with Libya Oil & and Gas, the British company is also involved in providing front-end engineering design (FEED) & conceptualization studies (both downstream and upstream) for many clients in Libya.
"Libya is positioning itself to become a major oil and gas producer again, and we're looking forward to helping the National Oil Company achieve its goals, develop key infrastructure safely and securely, and increase production," said Elie Lahoud, the COO for Engineering and construction at Petrofac Lahood added that Petrofac has been vital in delivering engineering services, complex projects, and training the local workforce in the North African region for over two decades.
The latest contract award is building on Petrofac's strength and capabilities and its effective service delivery track record.