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  • 16-03-19

    Algeria grants Petrofac USD1b contract for Ain Tsila field

    (MENAFN) Ain Tsila Development Project in Algeria will be commissioned and undergone start-up and performance testing by Petrofac under a USD1 billion agreement.

    The agreement was signed with Groupment Isarene, a joint operating group that Algerian Sonatrach established alongside Petroceltic and Enel.

    Algeria's Ain Tsila field is being set up to manufacture gas, LPG and condensate for export as well as for the Algerian market.

    "I am delighted we have the opportunity to be working with the Groupement Isarene partners to deliver this strategically important project," stated Engineering & Construction Group managing director E S Sathyanarayanan.

    Sathyanarayanan added "this award builds on Petrofac's significant track record in Algeria where we have been operating successfully for more than 20 years, with a strong record for project execution and the development of local capability. We are focused on delivering an effective, safe solution that meets our high standards and continues our commitment to the local energy sector."

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