PFC Petrofac Limited

Petrofac Limited ( PFC) Petrofac Limited: Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade 28-Apr-2023 / 14:05 GMT/BST

----------------------------------------------------------------------------------------------------------------------- Press Release

28 April 2023 Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade

Petrofac has secured an Engineering, Procurement and Construction (EPC) lump sum contract from ORLEN Lietuva, as it continues to support a comprehensive modernisation, environmental upgrade, and expansion Programme at the Mazeikiai Refinery in North-West Lithuania.

The project has a value less than 200 million euros. Petrofac's scope of work encompasses the design, procurement, construction, and commissioning of new facilities, as ORLEN Lietuva invests to expand the existing refinery complex. Petrofac's scope will further enhance the plant's capability to meet requirements for cleaner fuels by improving its operational and carbon efficiency.

In October 2021 Petrofac was awarded a lump sum engineering, procurement, construction, start-up and commissioning services contract from ORLEN Lietuva. This included the addition of a new Residue Hydrocracking Unit (RHCU) for the facility, which is the only crude oil refinery in the Baltic States. The new Offsite Battery Limit (OSBL) EPC for RHCU includes the installation of a new Amine regeneration unit and stabilisation tower, interconnecting pipework and tie-ins to the existing refinery units, with associated systems and modifications.

"This Project represents a major milestone in the ongoing largest ever investment by Polish capital in Lithuania. The investment in the construction of new heavy residue conversion unit puts a solid pillar for further operation of refinery in Mazeikiai as well as development and energy security of entire region," said Michal Rudnicki, General Director of Public Company ORLEN Lietuva.

Elie Lahoud, Petrofac's Chief Operating Officer - Engineering & Construction, said: "With over 40 years' EPC experience, Petrofac is well placed to support strategic customers such as ORLEN Lietuva, as they seek to lead a sustainable energy transition in Central Europe. We look forward to building on our existing relationship, with the safe delivery of the next phase of the refinery upgrade."

ENDS

For further information contact:

Petrofac:

James Boothroyd, Head of Investor Relations

James.boothroyd@petrofac.com

Sophie Reid, Group Head of Communications

Sophie.reid@petrofac.com

Teneo (for Petrofac):

+44 (0) 207 353 4200

petrofac@teneo.com

NOTES TO EDITORS

About Petrofac

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do.

Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 7,950 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC).

For additional information, please refer to the Petrofac website at www.petrofac.com

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ISIN:          GB00B0H2K534 
Category Code: CNT 
TIDM:          PFC 
LEI Code:      2138004624W8CKCSJ177 
Sequence No.:  240509 
EQS News ID:   1620871 
 
End of Announcement  EQS News Service 
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