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Petrofac awarded $700m Sakhalin Energy contract
Transactions - SEPTEMBER 6, 2017

Petrofac awarded $700m Sakhalin Energy contract

by Andrea Waitrovich

Petrofac has been awarded a contract worth more than $700 million by Sakhalin Energy Investment Co. for its onshore processing facility on Sakhalin Island, Russia.

The project comprised a lump-sum engineering, procurement and offshore fabrication component, as well as a reimbursable element for construction and site services.

Work related to the project includes inlet separation and feed gas compression facilities and a new flare system, as well as utilities, substations and associated buildings.

The project also includes a temporary beach landing facility, refurbishment of the existing camp and temporary site facilities for Sakhalin Energy and Petrofac, in addition to brownfield tie-ins to the existing OPF.

n a separate development, Petrofac has secured a $404.71 million engineering, procurement and construction contract to enable Gazprom’s subsidiary South Stream Transport to develop onshore pipelines and a gas receiving terminal near Kiyiköy in Turkey.

The project is related to the TurkStream gas pipeline, which is expected to begin commercial operations in December 2019.

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