Petrofac has been awarded a new ( $ 506 ##m ) contract by Algerian state oil firm Sonatrach to increase gas production at the Tinhert field by 4.7 million cubic metres per day . The pipeline is set to go live in 36 hours . Sonatrach said the price was around $ 100 m lower than previously announced , as DZD10bn worth of work had been awarded to Algeria 's GCB .
Petrofac has been awarded a DZD60bn ($506m) contract by Algerian state energy firm Sonatrach to increase gas production at the Tinhert field by 4.7 million cubic metres per day. The project is set to go live in 36 months. Sonatrach said the contract was around $100m lower than previously announced, as DZD10bn worth of work had been allocated to Algeria's GCB.