Dutch firm Smit Lamnalco has been awarded an operations and maintenance contract by the UK’s Petrofac for Iraq’s crude oil export expansion project in the Gulf.
The contract, worth approximately $70m a year, covers the operations and maintenance of four single-point mooring (SPM) stations, which are located off the Al-Fao peninsula in the south of Iraq, according to a 13 September statement.
The contract begins in November for one year, with two annual extension options, taking its potential total value up to $200m. The agreement involves the full scope of maritime support services for the crude oil export facilities, according to the statement.
Petrofac signed a $100m contract with state-owned South Oil Company (SOC) in mid-August to provide offshore operations and maintenance services for the new oil export facilities, which include a platform, metering station, SPMs, subsea pipelines and tanker operations.
Smit Lamnalco is a subsidiary of the Netherlands’ Royal Boskalis Westminster.