Iraq’s Basra Oil Company has awarded UK-based engineering contractor Petrofac a $160m contract extension for work on its Iraq Crude Oil Export Expansion Project (ICOEEP). The two-year extension runs to 2019 and was won by Petrofac’s Engineering & Production Services (EPS).
Petrofac won the initial contract, worth $100m, from the South Oil Company (now Basra Oil Company) in August 2012 to provide offshore operations and maintenance services for the project for a 12-month period.
The facility, which is responsible for a significant proportion of Iraq’s oil export and has already facilitated the export of over 2.2 billion barrels of oil, is located 60km offshore the Al-Fao Peninsula in southern Iraq. It comprises a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers.
In addition, Petrofac is responsible for almost 300km of subsea pipelines,1800 metres of subsea hose infrastructure and a marine spread comprising 14 vessels.
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