on Petrofac Limited (isin : GB00B0H2K534)
Petrofac Extends Its Relationship with TurkmenGas through a New Contract
Petrofac, an established service provider in the global energy sector, has secured an operations contract from TurkmenGas for the Galkynysh Gas Field in Turkmenistan. The contract, worth over $200 million, spans three years and encompasses various operational and maintenance support services. Petrofac’s responsibilities include supervising operations, providing technical and procurement support, and developing management systems for the efficient operation of the Galkynysh Gas Field Central Processing Facilities.
This contract builds on Petrofac’s previous involvement with the Galkynysh Gas Field, where they delivered one of the largest engineering, procurement, construction, and commissioning (EPC) projects. The field, the second largest of its kind globally, significantly contributes to Turkmenistan’s economy and energy supply. Petrofac’s Chief Operating Officer, Nick Shorten, highlighted the contract as a testament to the company’s valuable service delivery and its strategy to expand geographic reach in asset solutions.
R. E.
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