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Petrofac Ltd - energy infrastructure company with core markets in the Middle East and North Africa - Receives award from Turkmengaz for an operations contract from Turkmenistan at the Galkynysh gas field in the country. The three-year contract is valued at over $200 million and includes provision of personnel to supervise and support operations and maintenance activity. Furthermore, it includes the development and implementation of management systems to support operations at central processing facilities 1 and 1A at the gas field. Nick Shorten, chief operating officer of Petrofac’s Asset Solutions business, says: ‘Petrofac has a proud history of working with Turkmengaz. The expansion of our relationship is testament to our track record of delivering value to customers’ operations. Securing this contract further demonstrates our strategy to expand Asset Solutions’ geographic reach.’ Current stock price: 24.48 pence each, 5.2% higher on Friday afternoon in London 12-month change: down 68% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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