Petrofac wins second major Iran deal

08 March 2002

Sharjah-based Petrofac Internationalhas won a major contract to carry out the master development plan, basic engineering and front-end engineering and design (FEED) for nine onshore oil fields in southwestern Iran. No details have been released as to the value of the contract, but development costs of the fields are estimated at $1,000 million-1,500 million.

Jersey-registered OIEC Overseas, a subsidiary of the local Oil Industries Engineering & Construction, awarded the contract on behalf of the client on the scheme, Petroleum Engineering Development Company (Pedec), a subsidiary of the National Iranian Oil Company.

The contract is for the south and west Zagros fields of Shurom, Dudro, Rig, Sarvestan, Saadatabad, Khesht, Bushgan, Bushehr and Kuh-e-kaki. Petrofac will carry out the project in partnership with a local firm.

Petrofac in November won its first deal in Iran, a $200 million engineering, procurement and construction (EPC) contract for the Doroud onshore surface facilities (MEED 30:11:01).

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