Petrofac signs $120 million training agreement with Petronas

9/16/2013

Petrofac signs $120 million training agreement with Petronas

BY ED BALLARD

LONDON -- Petrofac Ltd. has signed a $120 million agreement with Petronas for the operation and management of two high-specification training facilities.

Petrofac is currently constructing two upstream plant training facilities, and a downstream facility, which will supplement existing facilities at the Institut Teknologi Petroleum Petronas training academy.

Under the latest phase of the agreement, Petrofac will undertake the ongoing management and operation of the two upstream facilities, which are capable of training 500 delegates each year, for the next five years with an option to extend for a further two years.

The agreement follows an earlier MoU.

Dow Jones Newswires

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