The UK’s Petrofac has signed a $100m contract with state-owned South Oil Company (SOC) to provide offshore operations and maintenance services for the Iraq crude oil expansion project in the south of the country.
The 12-month contract will begin following a three-month mobilisation period, according to a 14 August statement.
Petrofac will provide operations and maintenance services for the new oil export facilities, which are located 60 kilometres offshore in the Gulf near the Al-Fao peninsula. These include a platform, metering station, single point mooring station (SPMs), subsea pipelines and tanker operations.
The UK engineering firm has won an estimated $630m worth of engineering, procurement and construction (EPC), as well as operations and maintenance contracts in Iraq so far.
The first major win for Petrofac in Iraq came in March 2011 after it was awarded a $240m contract for work at the Majnoon oil field. The client was the UK/Dutch Shell Group. This was followed by a $63m contract with the UK’s BP for inspection, maintenance and repair work at the Rumaila field.
The largest contract was awarded in March 2012, for the construction of a central processing facility at the Badra oil field for Russia’s Gazprom, worth $330m.
Petrofac is also currently bidding on another four major EPC projects, worth a total of $2.3bn.