LONDON -(Dow Jones)- Petrofac Ltd (PFC.LN), said Tuesday that Petrofac Facilities Management Asia Pacific Sdn Bhd, has been awarded a $220 million contract by PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS, the Malaysian national oil company, for the refurbishment of the Bekok-C platform, located in Block PM9 in the south-eastern part of the Malay basin.
-The project will be executed on an engineering, procurement, construction, installation and commissioning or EPCIC alliance basis and is valued at $220 million.
-Under the terms of the refurbishment project Petrofac will provide EPCIC services to the platform with the overall project expected to be completed in around 15 months.
-Petrofac Ltd shares at 0808 GMT up 29 pence, or 1.9%, at GBP15.49, valuing the company at GBP5.26 billion.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; firstname.lastname@example.org
(END) Dow Jones Newswires
May 22, 2012 04:25 ET (08:25 GMT)
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