5th Aug 2022 06:45
Petrofac Ltd - Jersey-based services provider to energy industry - Consortium that Petrofac leads wins engineering, procurement and construction contract in Algeria. Consortium includes Genie Civil et Batiment. Award is on a provisional basis. Contract is with Algerian state-owned oil company Sonatrach Petroleum Corp BVI for the Tinrhert EPC2 development project in Algeria. The project will see the creation of a new central processing facility for natural gas production.
The contract is valued at USD300 million, with Petrofac's share being roughly USD200 million
Current stock price: 112.90 pence
12-month change: up 18%
By Abby Amoakuh; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Petrofac