UK-based Petrofac has been awarded a $75m contract on Iraq Crude Oil Export Expansion Project for Iraq’s state-owned South Oil Company (SOC).

The one-year agreement, with an additional one-year option, will involve Petrofac continuing to facilitate Iraqi oil exports 60km off the Al-Fao peninsula in Basra province, southern Iraq.

Petrofac will provide operations and maintenance services for the export facilities, comprising the central metering and maintenance platform and four single point moorings, and the loading of the tankers for onward transportation.

“Over the last four years we’ve achieved some significant milestones on this project, including the export of more than 1.5 billion barrels of oil,” said Mani Rajapathy, managing director, engineering & production services east at Petrofac.