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Jul 24 2012

Petrofac Awarded Two Projects for Petro Rabigh II >PFC.LN

Tuesday, Jul 24, 2012

LONDON--Petrofac Ltd. (PFC.LN), an international oil & gas service provider, said Tuesday it has been awarded two engineering, procurement and construction, or EPC, contracts for Petro Rabigh's Phase II petrochemical expansion project.

MAIN FACTS:

-Petro Rabigh is a domestic public company in which both Saudi Aramco and Sumitomo Chemical Co Ltd. hold a financial interest.

-Due to start shortly, Petrofac has been awarded an EPC contract for tank farms and a second EPC contract for common utilities.

-No financial details disclosed.

-Shares in London at 0850 GMT up 6 pence, or 0.43%, at 1415 pence valuing the company at 4.87 billion pounds.

-Write to Ian Walker at ian.walker@dowjones.com

(END) Dow Jones Newswires

24-07-12 0855GMT


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