Petrofac, the international oil and gas service provider, has been awarded two contracts for a big petrochemical expansion project in Rabigh, Saudi Arabia.
The projects - scheduled to start within three years - are some of the first major awards made by Saudi Arabia's national oil company, Saudi Aramco, under its "In-Kingdom" engineering, procurement and construction programme.
Marwan Chedid, Chief Executive of Petrofac's Engineering, Construction, Operations & Maintenance division, said: "We are delighted to have secured two successive projects with Saudi Aramco, which serves to reinforce the hard work and dedication of our In-Kingdom team."
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Petrofac shares were flat at 10:57.
JH
