By OGJ editors
HOUSTON, Oct. 12 -- The government of Sharjah has let a contract worth more than $250 million to Petrofac to assume operation from BP Sharjah of the Sajaa gas plant and related assets when BP’s concession expires in 2013.
Petrofac’s contract, awarded through competitive bidding, is for 5 years.
The Sharjah Petroleum Council holds a 60% participating interest in the operation, and BP holds 40%.
The plant, with an inlet capacity of about 700 MMcfd, handles production from onshore Sajaa, Moveyeid, and Kahaif gas and condensate fields, producing sales gas, LPG, and condensate. Amoco Sharjah developed the Sajaa area play in the 1980s and became part of BP in 1999.
BP’s net Sharjah production fell to 59 MMcfd in 2009 from 123 MMcfd in 2005.