Petrofac is a company that helps with energy. They’re doing their part to support the changing energy landscape worldwide.
Petrofac had a successful year in 2023, gaining essential projects and partnerships.
This blog post will delve into Petrofac’s commitment to providing innovative engineering solutions and promoting the energy transition.
(1) TenneT's 2GW Programme - Dutch Offshore Wind Grid Expansion:
One of the most significant achievements is Petrofac and Hitachi Energy’s partnership, securing a multi-year Framework Agreement worth approximately 13 billion euros with Dutch-German Transmission System Operator TenneT.
In a groundbreaking collaboration announced in January 2023, Petrofac joined forces with Dutch-German Transmission System Operator TenneT and global technology leader Hitachi Energy.
Together, they have entered into early works agreements to support TenneT’s 2GW Programme, a pioneering initiative to expand the Netherlands’ high voltage direct current (HVDC) offshore wind grid.
This agreement aims to expand offshore wind capacity in the Dutch-German North Sea, representing the largest in Petrofac’s history.
By combining their expertise in high-voltage direct current (HVDC) and high-voltage alternating current (HVAC) solutions, along with their Engineering, Procurement, Construction, and Installation (EPCI) capabilities, the partners aim to ensure the timely delivery of this ambitious renewable energy infrastructure.
Petrofac and Hitachi Energy secure landmark offshore wind framework worth approximately 13 billion eurospetrofac
(2) ADNOC Gas Processing's US$700 Million EPC Project - A Boost to Gas Output:
In June 2023, Petrofac secured a significant US$700 million Engineering, Procurement, and Construction (EPC) contract from ADNOC Gas Processing.
The contract involves the construction of a new gas compressor plant at ADNOC’s Habshan Complex, located West of Abu Dhabi.
The project’s scope involves designing, acquiring materials, and building three gas compressor trains, along with utilities and power systems.
With this state-of-the-art facility, ADNOC aims to substantially increase its gas output, aligning with the region’s growing energy demands.
Petrofac’s expertise in EPC services perfectly supports ADNOC’s ambitious goals.
ADNOC awards Petrofac US$700 million EPC project | Petrofacpetrofac
(3) Petrofac's US$1.5 Billion EPC Contract in Algeria - Strengthening Global Presence:
In another remarkable achievement, Petrofac confirmed signing a US$1.5 billion EPC contract in Algeria in June 2023.
This substantial contract signifies Petrofac’s continued growth and expanding global presence in the energy industry.
Petrofac confirms signing of US$1.5 billion EPC contract in Algeria | Petrofacpetrofac
(4) Lithuanian Refinery Upgrade Project - A Testament to Petrofac's Capabilities:
In April 2023, Petrofac secured a new EPC contract to continue supporting a Lithuanian refinery upgrade.
This contract further underscores Petrofac’s reputation as a reliable and proficient EPC service provider.
Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade | Petrofacpetrofac
Conclusion: Petrofac’s achievements in 2023 reflect the company’s dedication to driving the energy transition forward.
Petrofac plays a crucial role in shaping a sustainable and energy-diverse future, from pioneering offshore wind grid expansions to supporting gas output enhancement and engaging in international projects.
With its exceptional engineering capabilities and commitment to excellence, Petrofac remains at the forefront of the ever-evolving global energy landscape.