Deals this week: Petrofac, Advantage Midstream, US Energy


Deals this week: Petrofac, Advantage Midstream, US Energy


Petrofac has received a $600m contract from Sonatrach to provide engineering, procurement and construction services for the latter’s Tinhert field development project in Ohanet, Algeria.

The scope of the contract includes a new inlet separation and compression centre, as well as the installation of a new 400km-long pipeline network connecting 36 wells. The contract also involves commissioning, start-up and performance testing of the facilities.

Based in Jersey, Petrofac is a provider of oilfield services, while Sonatrach is an Algerian oil and gas company.

Advantage Midstream has entered an agreement with SandRidge Energy to provide its construction and operation services to build a new natural gas refrigeration plant and provide gas processing services for the latter’s North Park basin acreage.

The North Park basin acreage is located in Jackson County, Colorado, US, while the new plant will be built in Jackson County.

Advantage will own and operate the new plant and also market all products processed at the plant, under the terms of the agreement.