Petrofac bids low for In Salah gas field
UAE-based Petrofac Inter-national is the lowest bidder for the lump-sum turnkey contract to provide gas compression facilities for the In Salah field, the country's largest dry gas resource. Only two bids were submitted, and both are understood to be substantially over the client's budget.The opening of commercial bids on 7 August revealed a Petrofac price of $595 million. The only other bid was for $660 million from a team of Italy's Saipem and Europe's ABB.However, both ...
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