Petrofac snares Syrian contracts worth $1 billion

April 15, 2008
Oil and gas facilities service provider Petrofac announced two major gas field development contracts with Syria worth a total $1 billion.

Eric Watkins
Senior Correspondent

LOS ANGELES, Apr. 15 -- Oil and gas facilities service provider Petrofac announced two major gas field development contracts with Syria worth a total $1 billion.

The first contract, worth $454 million, calls for construction of a plant to treat 4 million cu m/day of gas that is produced from Jihar field near Palmyra. The field is operated by Hayan Petroleum, which is a joint venture of Croatia's INA-Naftaplin and Syrian Petroleum Co. The plant is scheduled for completion in 2011.

Petrofac's scope of work will cover engineering, procurement and construction, precommissioning and commissioning, and start-up of the gas processing facilities. In addition to the plant, Petrofac will build an LPG recovery system, LPG storage and loading facility, gas gathering and collection systems, satellite gathering station, well sites, flow lines, utilities and offsite facilities, gathering pipelines, and living quarters.

The second contract, worth $477 million, was awarded by Petro-Canada for the processing of gas and liquids from the Al-Shaer and Cherrife fields in central Syria, which are expected to produce some 2.5 million cu m/day of sales gas and 150 tonnes/day of LPG from 2010. Sales gas and condensate will be fed into the Syrian pipeline grid and LPG will be transported via tankers.

Petrofac's contract, which will last just over 2 years, will include all associated facilities and infrastructure, including engineering, procurement and construction, commissioning and start-up assistance of the gas treatment plant, pipelines, gas gathering station flow lines and well sites.

Contact Eric Watkins at [email protected].