Under
the
agreement
Petrofac
will
provide
engineering
capability
to
support
the
delivery
of
a
field
development
plan
for
the
proposed
first
phase
of
the
development
of
the
permit.
It
has
also
committed
to
invest
up
to
$500
million
towards
the
first
phase
of
development
which
will
be
compensated
through
a
share
of
Bowleven's
production
revenue.
“This
complementary
union
provides
Bowleven
with
potential
access
to
both
investment
capital
and,
just
as
importantly,
Petrofac's
extensive
development
experience,”
Bowleven
chief
executive
Kevin
Hart
said
in
a
statement
on
Tuesday.
“Our
alliance
with
Petrofac
will
help
deliver…
