Petrofac to manage Sajaa gas plant in UAE
Petrofac has a contract with the government of Sharjah, UAE, to take over operational responsibility and facilities management of the Sajaa gas plant and related assets, located approximately 30km from the commercial centre of Sharjah, UAE. The five-year contract was awarded following a competitive open bidding process and is worth in excess of $250 million.
The government of Sharjah, acting through the Sharjah Petroleum Council, holds a 60% participating interest in the Sharjah gas and associated liquids concession. BP currently holds the remaining 40% and is the operator of all Sharjah concession petroleum operations, together with the Sajaa gas processing plant and associated storage, pipelines, condensate export terminal and Shalco LPG facilities. The concession will expire in November 2013 and the government of Sharjah and BP are actively working together on assuring a smooth transition of the BP-operated facilities to the government.
By the end of 2010 Petrofac will assume control of the operations while the government of Sharjah will become the concession operator.
I am delighted to announce this contract with the government of Sharjah which further consolidates Petrofacs position in the Emirate and the Middle East, said Bill Dunnett, managing director of OE&O.
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