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Petrofac wins $2.3 bln Abu Dhabi contract

Oil & gas company Petrofac said it had won a $2.3 billion contract from Abu Dhabi Company for Onshore Oil Operations for the development of the onshore Asab oil field.

Under the 44-month lump-sum contract, Petrofac will provide engineering, procurement and construction services to upgrade the production capacity of the Asab field.

“This contract represents one of Petrofac's most important project awards to date and is a significant achievement for our Engineering & Construction business,” said Petrofac's Chief Executive Ayman Asfari in a statement.