UK firm awarded $330m contract for Badra oil field facilities
Russia’s Gazprom, the developer of Iraq’s Badra oil field, has awarded the UK’s Petrofac a $330m engineering procurement and construction (EPC) contract for a central processing facility (CPF).
The project will commence shortly and is expected to be completed in three 18-month phases, with the final completion scheduled for the second half of 2015, according to a 24 February company release.
Petrofac submitted the lowest bid for the deal in early December, beating rival proposals from Italy’s Saipem, Samsung Engineering of South Korea and France’s Technip. The deal was approved by the field’s development management committee, which includes Gazprom and state-owned South Oil Company before getting approval from the Iraqi cabinet.
Under the terms of the contract, Petrofac will provide detailed design, engineering, procurement, construction, pre-commissioning, commissioning and start-up work for the processing facility, which comprises three crude oil processing trains. The first phase of the project is expected to come on stream in the second half of 2013.
The deal is the second major contract in Iraq for Petrofac, which also won a $240m contract with the UK/Dutch Shell Group for early production facilities at the Majnoon field in March 2010.
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