A substantial oil deal with a Middle East GCC National Oil Company has been announced by Petrofac totalling £420million.
The deal, which will see the Aberdeen-office holding firm provide engineering, procurement and construction (EPC), has been agreed in a binding letter of intent.
Petrofac say that the details of the deal are “confidential at this time” but5 that further information will be released “in due course”.
E S Sathyanarayanan, group managing director, engineering and construction, said: “Petrofac has a very strong record of project execution in the GCC.
“This latest contract award further cements our footprint in our core markets, and we look forward to delivering a safe and successful project.”