Petrofac Limited, a oil and gas services company, said it has been awarded two engineering, procurement and construction (EPC) contracts worth 1.4 billion dollars in total for Saudi Aramco's Jazan Refinery and Terminal project.
-Both packages are scheduled to be undertaken within three years.
-When complete, the refinery will produce around 400,000 barrels of oil per day and have associated terminal facilities on the Red Sea near Jazan in the south west of the Kingdom of Saudi Arabia.
-Petrofac's Saudi Arabia office will lead the project management delivery of the work scope which covers tank farms in the north and south areas of the development.
Dow Jones Newswires