Petrofac's SPD Lands Mozambique Subsea Contract Worth Millions

Petrofac, the international oil & gas facilities service provider, reproted that its well operations business, SPD, the international well engineering company, has been awarded a contract to plan and manage drilling operations in offshore Mozambique by the South African-based global energy company, Sasol Limited.

The multi-million dollar contract, signed by both parties this week, and which has a minimum estimated duration of three years, includes a drilling program of two firm and four optional wells. Planning work has commenced and the first well is due to be spudded in the fourth quarter of 2008.

SPD technical director, Alex Macdonald, said: "We are extremely excited about the award of this contract and view it as the first step in developing a long term strategic alliance with Sasol. The drilling program is technically challenging and the shared values of the two companies are well-aligned."

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