Press Release
10 July 2018
PETROFAC AWARDED DUTCH OFFSHORE WIND CONTRACT
Petrofac has been awarded a contract by TenneT, the Dutch-German transmission grid operator, for the Hollandse Kust Zuid (HKZ) offshore grid connection and more specifically for the Alpha and optional Beta HVAC platforms (substations) in the North Sea.
The Dutch government is targeting a total of 3.5 gigawatt of wind energy production capacity offshore by 2023. To achieve this, five 700 megawatt standardised concept transformer substations are planned for installation offshore Netherlands. Petrofac will be responsible for the engineering, procurement, construction and installation (EPCI) of the third and fourth substations which have a total contract value of approximately US$200 million.
HKZ platform Alpha is scheduled to become operational in 2021, HKZ platform Beta is still subject to the tendering of the wind farm concession by the Dutch government and subsequently is scheduled to become operational in 2022.
George Salibi, Group Chief Commercial Officer, said: "We have been involved in a number of projects with TenneT in the North Sea, so are delighted with the opportunity to support them with this key project. The award of this EU tender builds on our relationship and is further demonstration of Petrofac's expansion into adjacent sectors, including renewable energy."
Ends
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
[email protected]
Alison Flynn, Group Head of Communications
[email protected]
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
[email protected]
Martin Robinson
LEI 2138004624W8CKCSJ177
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.
With around 12,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.
For additional information, please refer to the Petrofac website at www.petrofac.com.
