PSN Nabs Major Contract to Increase Production at Tunisian Field

Production Services Network (PSN), has secured a multimillion US dollar Project Management Service Contract with SEREPT, a Joint Venture between ETAP, the Tunisian National Oil Company and Austria's OMV.

The two-year contract is part of a major program designed to upgrade existing offshore platforms and increase production volumes from the Ashtart field in the Gulf of Gabes. PSN and SEREPT personnel will work in an integrated team to project manage the engineering, procurement and construction (EPC) contracts for upgrade work on platform topsides, pipelines and distributed control systems. The work will be performed in Tunisia and at the EPC Contractor’s offices in Europe and a Mediterranean fabrication yard.

Commenting on the deal, Jerome Lynch, PSN's Director for International Operations, said, "This contract reflects PSN's ability to provide high quality project management services and successfully integrate our teams, our systems and processes with those of our customers. We are looking forward to working with SEREPT and also developing the relationship with OMV that is already working well in Romania and Kazakhstan."

Serept Chairman, Tarek Hamzaoui, added, "We are extremely pleased to be working with an industry leader such as PSN. The firm's proven ability to assemble international and local technical and engineering specialists was a major factor in its success."