Home | News    Friday 28 September 2007

Malaysian firm gets $211 mln contract for Sudan oilfield expansion

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September 27, 2007 (KUALA LUMPUR) — Malaysian builder and engineer Ranhill (RANH.KL) has won contracts worth 720 million ringgit ($210.8 million) for oilfield expansion and upgrades from Sudan’s Petrodar Operating Co, Ranhill said on Thursday.

Petrodar, which operates Sudan’s Dar Blend field, is a consortium comprising China National Petroleum Corp. (CNPC) with a 41 percent stake, Malaysia’s Petronas [PETR.UL] with 40 percent, and state oil firm Sudapet with 8 percent.

China Petroleum & Chemical Corp. (Sinopec) (600028.SS: Quote, Profile, Research) holds 6 percent of Petrodar, while Al Thani Corp., a private company incorporated in the United Arab Emirates, owns 5 percent.

Ranhill said its international unit was part of a consortium that won the contract for the engineering, procurement, construction and commissioning work for PetroDar’s Al-Jabalayn and Palouge processing facilities.

The work involves boosting the liquid handling capacity and water injection facilities at Palouge, and increasing crude processing facilities to 300,000 barrels a day at Al-Jabalayn, the company said in a statement.

(Reuters)

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