Dutch firm subcontracting for UK’s Petrofac on offshore oil export terminal
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.
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