UK contractor wins oil contract in Iraq

14 August 2018
Company is also the co-operator of the Iraqi oil field

UK-based oil and gas contractor Petrofac has been awarded a contract worth about $370m by Iraq’s state-owned Basra Oil Company (BOC) for the expansion of the Central Processing Facility (CPF) in the Majnoon oil field, located in the south of the country.

Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes installing two oil processing trains with the capacity to process 200,000 barrels a day of crude oil.

Petrofac was previously awarded a contract on the scheme in 2011 and delivered EPC management for the execution and completion of the existing CPF at Majnoon.

In April this year, BOC awarded Petrofac and China’s Anton Oilfield Services two year contracts to operate the giant Majnoon field, after the state-owned owner took control of the asset from Royal Dutch Shell, which quit the oil field.

Majnoon, Iraq’s fourth biggest oil field, is estimated to contain 12.6 billion barrels of oil.

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