Maersk Oil Extends Contract with Petrofac

Petrofac has been awarded an extension of its current contract until late 2006 with Maersk Oil for the provision of offshore operations and maintenance services.

The contract is an extension of the original five-year contract and becomes effective on January 1, 2006. The assets comprise the Gryphon, Janice and Global Producer III installations.

Petrofac is a leading international provider of facilities solutions to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies.

Through its three divisions, Engineering & Construction (E&C), Operations Services (OS) and Resources, Petrofac designs and builds oil and gas facilities; operates, maintains or manages facilities and trains personnel; and, where return criteria are met and service revenue synergies identified, co-invests with clients and partners. Petrofac's range of services allows it to help meet its clients' needs across the life cycle of oil and gas assets.

Petrofac operates out of four strategically placed international centres in Aberdeen, Scotland; Sharjah, UAE; Mumbai, India; and Woking, England, and has a further 13 offices worldwide, with approximately 5,500 employees.

Petrofac's business is focused on the UK Continental Shelf (UKCS), the Middle East, North Africa and the Former Soviet Union (FSU). Through both organic growth and strategic acquisition, Petrofac's engineering, procurement and construction activities have been complemented with development planning and early stage engineering services, facilities management and training services and co-investment.