Oil services company Petrofac has won a $2.3 billion contract from the Abu Dhabi Company for Onshore Oil Operations.

Under the 44-month lump-sum contract, Petrofac will provide engineering, procurement and construction services to upgrade the production capacity of the Asab field.

Ayman Asfari, Petrofac's group chief executive, said: 'This contract represents one of Petrofac's most important project awards to date and is a significant achievement for our Engineering & Construction business.'