PFC Petrofac Limited

TIDMPFC

RNS Number : 8241P

Petrofac Limited

05 September 2017

Press Release

5 September 2017

PETROFAC TO BUILD GAS RECEIVING TERMINAL IN TURKEY

Petrofac has been awarded an Engineering, Procurement and Construction (EPC) contract, valued at approximately 340 million euros, with South Stream Transport B.V., a wholly owned subsidiary of GAZPROM, for the development of onshore pipelines and a gas receiving terminal near Kıyıköy in Turkey.

Through its EPCm business, Petrofac has been undertaking early works since April, which includes FEED verification, detailed design and procurement for the project which is associated with the offshore section of the TurkStream Gas Pipeline.

Under the contract, Petrofac will provide engineering, procurement and construction for the

receiving terminal, which will be ready for commercial operations in December 2019. When completed, the facility will receive 31.5 billion cubic metres of gas annually from the TurkStream pipeline originating from the compressor station in Anapa, Russia.

Commenting on the award, Roberto Bertocco, Managing Director, EPCm for Petrofac Engineering and Production Services said: "We're delighted to be working with South Stream Transport to help open up a vital gas export channel to Turkey and Southeast Europe.

"We have been working collaboratively and successfully with our client's team for the past five months to establish the project. We now look forward to progressing to the next phase where our focus is on achieving safe and effective delivery in line with South Stream Transport's goals and expectations."

Ends

For further information contact:

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

Martin Robinson

Petrofac

Hazel Meldrum, Marketing and Communications Director, EPS

Hazel.meldrum@petrofac.com

+44 (0) 1224 247607

LEI 2138004624W8CKCSJ177

NOTES TO EDITORS

Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.

With around 13,500 personnel, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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