Tuesday 4 August 2020
 
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Petrofac completes $1.25bn integrated project in Oman

LONDON, 19 days ago

British oilfield services firm Petrofac said it has provided engineering, procurement, construction management and commissioning support services for the major Rabab Harweel Integrated Project developed by Petroleum Development Oman (PDO) at an investment of $1.25 billion.

Located in the Harweel cluster of fields, deep in the South Oman desert, the huge new development encompasses gathering systems, sour gas processing facilities, injection systems, and all the associated flowlines and pipelines.

A key international service provider to the oil and gas production and processing industry, Petrofac said that its RHIP team has received the completion certificate from PDO acknowledging successful delivery of the project.

It was Petrofac’s first PDO project where a new commercial contract model (EPCm) was introduced, said a company spokesman.

“This meant it being delivered on a reimbursable basis, where incentives were linked to the achievement of specific milestones and a shared benefit on procurement savings,” he stated.

“In-Country Value (ICV) was a critical consideration throughout the project. We exceeded all our targets for Omanisation. Also, more than a third of the project’s total procurement value was sourced in the Sultanate,” he added.

Khalid Abdul Kadar, Project Manager, has recently been leading the close out of the project, in parallel with his responsibilities on the Yibal Khuff project for PDO.

"Achieving this milestone marks the successful completion of a six-year project journey. RHIP has also helped us to build on our existing long-term partnership with PDO, which is now continued through Yibal Khuff and our other PDO Framework projects," observed Kadar. 

"This success is down to all the people involved and a One Team approach, particularly as we have had to overcome the Covid-19 related oil and gas sector challenges,”he added.-TradeArabia News Service




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