Petrofac secures further India EPC award
Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India. The lump-sum engineering, procurement and construction (EPC) project, valued at approximately US$233 million, is for integrated gas surface facilities and includes pre-commissioning and commissioning. Under the terms of the 23-month contract, the scope of work includes well pads, flowlines and a new gas processing terminal.
Sunder Kalyanam, Group Managing Director for Petrofac’s Engineering & Construction Growth business said: “This award is further confirmation of our organic growth ambitions in action. It is particularly pleasing that we continue to build our presence in-country following two other recent EPC contract awards. We are delighted to be supporting Vedanta Limited in the safe and efficient delivery of this important project and look forward to building a long and successful relationship together.”
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
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