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Petrofac Ltd on Wednesday said it has been awarded a contract, worth USD1 billion, with Groupment Isarene for the Ain Tsila development project in Algeria. Groupment Isarene is the joint operating company set up by Algerian government-owned exploration company Sonatrach , oil & gas firm Petroceltic and Italian energy company Enel . The oilfield services company said the Ain Tsila field is expected to produce gas and condensate for the local Algerian market and for export. Under the terms of the 42-month contract, the lump-sum engineering, procurement and construction project scope of work includes commissioning, start-up and performance testing. "This award builds on Petrofac's significan... Full story

13 March