Petrofac wins $100m contracts in Iraq

26 July 2017

Agreements are with two international oil companies operating in Iraq

UK firm Petrofac has won a new contract as well as secured extension on a previous one worth around $100m with two international oil companies, the company said in a statement.

The IOCs are “European”, a source told MEED. The scope of the latest award comprises construction management, engineering, commissioning and start-up services with the two energy firms.

In April, the company said its engineering and production services subsidiary had signed $70m worth of contracts with two IOCs as well as Iraq’s South Oil Company.

The agreement with the Basra-headquartered state operator includes installation of offtake facilities and mooring systems as part of a six-year deal to provide operations and maintenance for offshore international crude export expansion facility.

MEED reported Petrofac’s award of a $75m Iraq crude oil expansion project for SOC in December.

The one-year agreement with an option for extension by another year will involve Petrofac continuing to facilitate oil exports 60km off the Al-Fao peninsula in southern Iraq.

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