(MENAFN) Petroleum Development Oman (PDO) has awarded US petroleum oil servicing firm Petrofac a USD900 million engineering and procurement contract, Times of Oman reported.
The contract is for PDO's Yibal Khuff oilfield, located around 350km south west of Muscat. The UK-based firm will provide detailed engineering and construction and commissioning management support services.
The total contract value is expected to be around USD900 million with around one-quarter of the revenues relating to professional services (engineering, construction and commissioning management).
The development of the field will add to PDO's future oil production while the associated gas will be utilized for power generation and enhanced oil recovery developments.
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