HRL Awards Costain Petrofac 7 Year Contract

Costain Petrofac Limited (CPL) is pleased to announce that it has been awarded a seven year contract to provide a wide range of engineering, construction and project support (ECAPS) services to British Gas Hydrocarbon Resources Limited's (HRL) Morecambe Bay Asset.

Costain Petrofac Limited is a joint venture between Costain Oil, Gas & Process Limited of Manchester and Petrofac Facilities Management Limited of Aberdeen, with its head office located in Manchester.

Starting on 1st January 2004, the contract's seven year term plus the option to extend to twelve years, by five - one year extension periods, will provide the opportunity for CPL to develop a long and rewarding relationship with HRL.

HRL is part of Centrica plc which includes the AA, British Gas and One.Tel businesses in the UK. Through Centrica's Energy Management Group, which includes a number of upstream gas and power operations, HRL owns and operates the North and South Morecambe gas fields which comprise gas reception terminals at Barrow, Cumbria, and seven offshore manned and unmanned installations within the East Irish Sea. HRL also operates the Millom and Dalton Fields on behalf of Burlington Resources. The scope of the project also includes Rivers Fields development, which when commissioned, will be operated by HRL.

The contract is a return for HRL to a traditional managed service based on providing core engineering services comprising Front End Engineering Design (FEED) detailed design, construction, installation, commissioning and project management services. Optional services include the provision of manpower, specialist engineering services, technical and non-technical support services. The contracting strategy maintains the benefits of incentivising performance with CPL's reward aligned to the achievement of HRL's business goals.

Added to site on 2/12/03

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