Petrofac Limited: Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade (1620871)
April 28 2023 - 9:05AM
UK Regulatory
Petrofac Limited ( PFC) Petrofac Limited: Petrofac secures new
EPC contract as it continues to support Lithuanian refinery upgrade
28-Apr-2023 / 14:05 GMT/BST
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Press Release
28 April 2023 Petrofac secures new EPC contract as it continues
to support Lithuanian refinery upgrade
Petrofac has secured an Engineering, Procurement and
Construction (EPC) lump sum contract from ORLEN Lietuva, as it
continues to support a comprehensive modernisation, environmental
upgrade, and expansion Programme at the Mazeikiai Refinery in
North-West Lithuania.
The project has a value less than 200 million euros. Petrofac's
scope of work encompasses the design, procurement, construction,
and commissioning of new facilities, as ORLEN Lietuva invests to
expand the existing refinery complex. Petrofac's scope will further
enhance the plant's capability to meet requirements for cleaner
fuels by improving its operational and carbon efficiency.
In October 2021 Petrofac was awarded a lump sum engineering,
procurement, construction, start-up and commissioning services
contract from ORLEN Lietuva. This included the addition of a new
Residue Hydrocracking Unit (RHCU) for the facility, which is the
only crude oil refinery in the Baltic States. The new Offsite
Battery Limit (OSBL) EPC for RHCU includes the installation of a
new Amine regeneration unit and stabilisation tower,
interconnecting pipework and tie-ins to the existing refinery
units, with associated systems and modifications.
"This Project represents a major milestone in the ongoing
largest ever investment by Polish capital in Lithuania. The
investment in the construction of new heavy residue conversion unit
puts a solid pillar for further operation of refinery in Mazeikiai
as well as development and energy security of entire region," said
Michal Rudnicki, General Director of Public Company ORLEN
Lietuva.
Elie Lahoud, Petrofac's Chief Operating Officer - Engineering
& Construction, said: "With over 40 years' EPC experience,
Petrofac is well placed to support strategic customers such as
ORLEN Lietuva, as they seek to lead a sustainable energy transition
in Central Europe. We look forward to building on our existing
relationship, with the safe delivery of the next phase of the
refinery upgrade."
ENDS
For further information contact:
Petrofac:
James Boothroyd, Head of Investor Relations
James.boothroyd@petrofac.com
Sophie Reid, Group Head of Communications
Sophie.reid@petrofac.com
Teneo (for Petrofac):
+44 (0) 207 353 4200
petrofac@teneo.com
NOTES TO EDITORS
About 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 7,950 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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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: GB00B0H2K534
Category Code: CNT
TIDM: PFC
LEI Code: 2138004624W8CKCSJ177
Sequence No.: 240509
EQS News ID: 1620871
End of Announcement EQS News Service
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