A consortium led by Petrofac Limited (LSE:PFC) has provisionally won a US$300mln engineering, procurement and construction contract for the Tinrhert EPC2 development project in Algeria.
Petrofac, leading a consortium with Genie Civil et Batiment (GCB), received notification of the provisional award from Sonatrach, Algeria’s state-owned oil company and operator of the onshore Tinrhert gas field.
Located in Alrar, about 1,500 kilometres southeast of Algiers, the development project seeks to boost natural gas production and remove CO2 from the field’s gas reserves.
EPC2 will provide a new central processing facility with inlet separation and decarbonisation units.
The work also includes tie ins to the existing Alrar separation and boosting facilities, which Petrofac helped deliver in 2018 under the Tinrhert EPC1 contract, along with commissioning, start-up and performance testing.
Petrofac’s share in the EPC2 contract is worth about US$200mln.