Petrofac Wins EUR100 Million Contract in Libya
September 03 2021 - 03:00AM
Dow Jones News
By Jaime Llinares Taboada
Petrofac Ltd. said Friday it has secured a 100 million euro
($118.7 million) contract with Zallaf Libya Oil & Gas
Exploration & Production Co.
The energy-services company said the agreement is to deliver the
first phase of Zallaf's Erawin oil-field development project, which
includes surface equipment and a pipeline.
"Libya is positioning itself to become a major oil-and-gas
producer again and we're looking forward to helping the national
oil company achieve its goals, develop key infrastructure safely
and securely, and increase production," Elie Lahoud, Petrofac's
chief operating officer for engineering and construction, said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
September 03, 2021 02:45 ET (06:45 GMT)
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