UAE-based Petrofac has signed a $120m agreement with Petronas, the Malaysian National Oil Company, for the operation and management of two high-specification training facilities.
Petrofac is currently constructing two “live” upstream plant training facilities, and a “live” downstream facility, which will supplement existing facilities at the Institut Teknologi Petroleum Petronas (INSTEP) training academy, the company said.
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.
Andy Inglis, Chief Executive of Petrofac Integrated Energy Services, commented: “Training is a core part of the IES offer and the award of our biggest training contract to date demonstrates our growing scale in an area which international and national oil companies have high on their agendas. The creation of this regional centre of excellence will enable Petronas to ensure the development of a highly-skilled resource pool to meet its own and industry needs now and in the decades ahead.”
