Petrofac wins contract worth over $700m from Sakhalin Energy Investment
StockMarketWire.com - Petrofac was awarded a contract worth more than $700m by Sakhalin Energy Investment for its onshore processing facility (OPF) on Sakhalin Island.
The project comprises a lump-sum engineering, procurement and offshore fabrication component, as well as a reimbursable element for construction and site services.
The scope of work includes inlet separation and feed gas compression facilities, a new flare system, utilities, substations and associated buildings, a temporary beach landing facility, refurbishment of the existing camp, temporary site facilities for Sakhalin Energy and Petrofac, as well as brownfield tie-ins to the existing OPF.
With early engineering work already underway, the project will support Sakhalin Energy in maintaining its sustainable LNG capacity.
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