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Petrofac receives EPIC contract for SARB project offshore Abu DhabiApr 11, 2013 (Datamonitor via COMTEX) -- Petrofac Limited has received an engineering, procurement, installation and commissioning, or EPIC, contract from Abu Dhabi Marine Operating Company, or ADMA-OPCO, for Satah Al Razboot, or SARB, package 3 project, offshore Abu Dhabi. The $500 million contract will commence shortly and will be delivered by April 2016. Drilling will be conducted from two artificial islands (SARB1 and SARB2) with the well fluid sent by subsea pipeline to a facility on Zirku Island for processing, storage and export. Under the terms of the contract Petrofac will deliver 200km of subsea pipelines for well fluid, water injection, gas injection, flare and export, along with 3km of onshore pipeline and 55km of subsea power and communication cables. Further offshore scope of the contract includes the provision of two riser platforms and four flare platforms with four interconnecting bridges and one single point mooring (SPM) buoy located at the north of Zirku Island. The onshore scope of the contract includes the following: drilling utilities, foundations on SARB1 and SARB2, transport, install, hook up and assistance in the commissioning of the accommodation modules. Yves Inbona, Managing Director of Petrofac's Offshore Capital Projects (OCP) business, commented: "We are delighted to have been chosen to deliver this important project as part of the high priority SARB development. This award is further confirmation of the increased demand we see for Petrofac to broaden its market leading EPC capability offshore, and we look forward to cooperating with ADMA-OPCO and meeting its fast track requirements on this highly significant development." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |