Petrofac lands contract
UAE-based Petrofac International has won the $595 million contract to build gas compression facilities on the In Salah field. Although Petrofac's bid was higher than the client's expectations, the structure of tendering process meant there was no subsequent negotiations on the price. The contract is expected to be signed in early October, with start-up set for early 2010. The client is a consortium of the UK's BP, Norway's Statoil and state energy company Sonatrach (MEED 10:8:07).
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