Petrofac Garners Karachaganak Award

Petrofac, the international oil & gas facilities service provider, has secured the contract for the detailed engineering, procurement, construction management and commissioning support for the Karachaganak 4th stabilization and sweetening train. This award follows Petrofac's successful completion of the FEED study for the development. The contract, which is scheduled for completion in mid-2009, will be executed on a part-lump-sum and part-reimbursable basis.

The addition of a fourth oil processing train will increase significantly the capacity of the existing Karachaganak Processing Complex (KPC) facilities. Petrofac will be working alongside Karachaganak Petroleum Operating BV (KPO) and its partners and with NIPI Caspian Engineering and Research (CER), based in Kazakhstan. Petrofac and CER will use a jointly developed engineering capability to increase long-term Kazakh development and Kazakh content.

Commenting on the award, Maroun Semaan, Chief Executive, Petrofac Engineering & Construction, said, "Kazakhstan and the Caspian region are of strategic importance to Petrofac. With the successful completion of the FEED study, this award reinforces further our position in and commitment to the substantial capital investment programs that are underway and being planned in the region."