In a significant development, Petrofac has secured a substantial operations contract from Turkmengas for the Galkynysh gas located in Turkmenistan. The contract spans three years and has a valuation exceeding $200 million, including several crucial aspects.

Under this contract, Petrofac will provide essential personnel to supervise and reinforce operations and maintenance activities. Additionally, the company will offer technical support and procurement services, essential for the smooth running of operations. In addition, Petrofac will undertake the development and implementation of management systems aimed at improving the efficiency of operations at the Central Processing Facilities of the Galkynysh 1 and 1A Gas Field.

The Galkynysh Gas Field project, delivered for the state-owned Turkmengas, stands out as one of Petrofac's notable achievements in the field of engineering, procurement, construction and commissioning (EPC) projects. Initiated with the award of the contract in 2009, the project was successfully completed in 2013, demonstrating Petrofac's prowess in executing large-scale undertakings.

Located in the vicinity of Yoloten in the Mary Province of Turkmenistan, the facilities that Petrofac will support now boast an impressive capacity of 10 Bcm each, collectively delivering 20 Bcm to the export pipeline. The importance of this gas field extends beyond mere production; It serves as a vital source of income for Turkmenistan's economy and strengthens its domestic energy supply.

Nick Shorten, Chief Operating Officer of Petrofac's Asset Solutions unit, expressed his satisfaction with the expansion of its collaboration with Turkmengas. He emphasized Petrofac's rich history of fruitful cooperation with the entity and highlighted the company's commitment to delivering tangible value to its customers. Shorten further highlighted that securing this contract underlines Petrofac's strategic vision to expand the geographical reach of its Asset Solutions division.

Petrofac's recent contractual victory at the Galkynysh Gas Field underlines its position as a leading player in the energy sector. The contract, valued at more than $200 million, highlights Petrofac's expertise in providing comprehensive solutions for complex operations in the oil and gas industry. This development not only cements Petrofac's relationship with Turkmengas, but also reflects its strategic objective of expanding its presence across various geographic regions. As Petrofac prepares to embark on this new venture, it reaffirms its commitment to delivering excellence in every aspect of its operations.