Petrofac Bags $1.2Bn Oman Gas Deal


British oil major BP has awarded fellow London-listed company Petrofac a $1.2bn contract to build the central processing facility (CPF) for its pioneering Khazzan tight gas project in Block 61 in central Oman.

The British oil services firm beat off competition from five other parties to secure the lucrative deal.

This award comes just two months after BP finalized $16bn Khazzan development with the government in Oman following close...