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
