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Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with International Payroll and personnel support services including training services.
The five-year contract, worth around US$100 million, will support the provision of international payroll and personal support services including supporting the Company personnel attending training courses inside and outside of Azerbaijan.
SOCAR vice-president for HR, IT and regulations Khalik Mammadov said: “Service sector has contributed significantly to SOCARs corporate income in recent years, while our joint venture with Petrofac could become one of the major contributors. Today we are pleased to lift our partnership with BP to a new level and we look forward to many decades of fruitful cooperation.
Upskilling and reskilling of personnel is among crucial tasks for major companies in the age of Industry 4.0. That becomes even more important in the view of the challenges brought by the current pandemic and collapse of oil prices. Hence, there is no doubt that the demand for professional training services among the leading oil and gas companies will continue to grow.”
Patty Eid, Global Head of Petrofac’s Training Services business, commented: “BP are an important longstanding customer and we look forward to supporting them with international payroll and personnel support services including training services inside and outside of Azerbaijan. Petrofac’s Training Services business has been providing skills development opportunities across the country’s oil, gas and petrochemical industries since 2004, so this award further underpins our continued expansion in the region with key partner SOCAR”.
For further information contact:
Deputy Head of PR and Events Department
+44 (0) 207 811 4900
Jonathan Yarr, Head of Investor Relations
Aaron Clark, Investor Relations & Communications Manager
Alison Flynn, Group Head of Communications
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
NOTES TO EDITORS
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 six values – safe; ethical; innovative; responsive; quality & cost conscious; driven to deliver – 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 11,500 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