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Petrofac not awarded Algeria LNG deal
Thu, 28 Aug, 2008
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Petrofac not awarded Algeria LNG deal
Wed, 23 Jul 2008, 15:22:00
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Petrofac Ltd
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Oil and gas facilities service provider <b>Petrofac</b> said it has not been awarded the LNG contract in Algeria it had provisionally won last week.<br /><br />Petrofac together with Indonesia's IKPT were the lowest bidder for the contract to build the Gassi Touil liquefied natural gas (LNG) plant in the industrial area in Arzew, Algeria. <br /><br />But state energy group Sonatrach has now started discussions with a rival bidder as it was not satisfied with the consortium.<br /><br />"Petrofac notes that Sonatrach yesterday announced that it considered that conditions set at the time of the public opening had not been satisfied by the Petrofac/IKPT consortium and that, as a consequence, discussions had been commenced with the consortium ranked second," said Petrofac.<br /><br />"Petrofac believes it submitted a fully compliant bid and was the lowest bidder on the prescribed cost per tonne basis," it added.
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