Petrofac Gets EPC Contract Worth $135 Mln From India's BPCL - Quick Facts

(RTTNews) - Petrofac Limited (PFC.L) Monday announced that it has received a lump-sum Engineering, Procurement and Construction or EPC contract from Bharat Petroleum Corporation Limited or BPCL valued at approximately $135 million.

Located at BPCL's Kochi Refinery, Kerala, India, the scope of work encompasses engineering, procurement, construction, pre-commissioning and assistance with commissioning. The 27-month contract is for the addition of a new Motor Sprit or MS block of refining units, which will increase the current output of the facility to meet India's BS-VI automotive fuel quality.

Sunder Kalyanam, Group Managing Director for Petrofac's Engineering & Construction Growth business said, "Having previously executed EPC projects in India between 1997 and 2004, we are delighted to have secured this contract to deliver a new complex of units at the BPCL Kochi Refinery. This award demonstrates our organic growth ambitions in action, and attests to our strategy of a continued increase in our capabilities in India, a country which holds a special place in our service offering."