Petrofac awarded Deepwater project offshore Mexico

FTSE 100-listed oilfield services group Petrofac's Engineering and Consulting Services business, in partnership with Doris Engineering of Houston, has been awarded a project management contract by Petrleos Mexicanos (PEMEX) for technical assistance and supervision for the Lakach project offshore Mexico.

The contract also includes supervision for the construction, installation, commissioning, testing and start-up of deep-water subsea wells and infrastructure for the project.

Petrofac reported that the scope would also involve drilling activities and tie-ins to existing onshore facilities.

Initially involving around 25 engineers, based in Mexico and Houston, the project is scheduled to be completed towards the end of 2015.

Craig Muir, Managing Director of Engineering and Consulting Services, commented: "I am delighted that Petrofac's Engineering and Consulting Services business has been selected to support such a significant project for PEMEX with this its first major deepwater development."

"PEMEX will benefit from the full breadth of Petrofac's specialist subsea pipeline consulting and engineering services in addition to our well management capabilities. We look forward to working closely with PEMEX on this significant project and further building Petrofac's presence in Mexico."

Petrofac's share price was down 0.68% to 1,460p at 10:49 on Monday.

MF