Petrofac Limited: GAZPROM AND PETROFAC CREATE STRATEGIC PARTNERSHIP (1239214)
October 07 2021 - 10:17AM
UK Regulatory
Petrofac Limited ( PFC) Petrofac Limited: GAZPROM AND PETROFAC
CREATE STRATEGIC PARTNERSHIP 07-Oct-2021 / 15:16 GMT/BST
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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Press Release
7 October 2021
GAZPROM AND PETROFAC CREATE STRATEGIC PARTNERSHIP
Gazprom and Petrofac have today signed a strategic partnership
through Gazprom's INTI - Russian Institute Oil/Gas Technology
Initiatives to export and promote the ambition, quality, and
standards of the Russian energy industry domestically and
internationally.
Under a five-year Memorandum of Cooperation (MOC), signed by Mr
Vitaly Anatolevich Markelov, Deputy Chairman Management, and Member
of the Board of Gazprom, and Petrofac Group Chief Executive Sami
Iskander, the parties will collaborate to drive industry
standardisation and sustainable development, as Russia's energy
sector seeks to encourage industry participation by international
companies in its drive to expand at home and abroad.
Initially Petrofac will support the defining and developing
pre-qualification and qualification criteria for local suppliers
and local manufacturers, assessing conformation with industry
standards, and developing use of local manufacturers' products in
existing and future projects within the Russian Federation and
OPEC+ countries.
Petrofac aims to build its credentials as a Russian EPC
champion, engaging the strength and capabilities of Russia's supply
chain, technology providers, and energy institutions to deliver
both inside Russia and the wider region.
Mr Iskander said: "Delivering locally to global standards is key
to Petrofac's strategy and unlocks in-country value for all
stakeholders, wherever we operate. Russia is a hugely exciting
growth market that's aligned to our core capabilities. We are proud
to leverage our expertise in procurement and local operations to
develop, champion, and support Russian engineering capacity,
contractors, technologies and tools in support of the industry's
future development."
Russia comprises a large market opportunity for Petrofac.
Petrofac has been in the country since 1993, with offices in Moscow
and Sakhalin Island, where we have been present since 2006 through
our Sakhalin Technical Training Centre, which has trained 23,000+
delegates in the last five years. We extended our presence on the
island in 2017 when we were awarded a contract by Sakhalin Energy
for its onshore processing facility.
ENDS
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
jonathan.yarr@petrofac.com
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Martin Robinson
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the
energy industry, with a diverse client portfolio including many of
the world's leading energy companies.
Petrofac designs, builds, manages and maintains oil, gas,
refining, petrochemicals and renewable energy infrastructure. Our
purpose is to enable our clients to meet the world's evolving
energy needs. Our four values - driven, agile, respectful and open
- are at the heart of everything we do.
Petrofac's core markets are in the Middle East and North Africa
(MENA) region and the UK North Sea, where we have built a long and
successful track record of safe, reliable and innovative execution,
underpinned by a cost effective and local delivery model with a
strong focus on in-country value. We operate in several other
significant markets, including India, South East Asia and the
United States. We have 9,400 employees based across 31 offices
globally.
Petrofac is quoted on the London Stock Exchange (symbol:
PFC).
For additional information, please refer to the Petrofac website
at www.petrofac.com
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ISIN: GB00B0H2K534
Category Code: MSCM
TIDM: PFC
LEI Code: 2138004624W8CKCSJ177
OAM Categories: 2.2. Inside information
Sequence No.: 123857
EQS News ID: 1239214
End of Announcement EQS News Service
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