Petrofac wins $80m contract extension in Iraq
Oilfield services provider Petrofac said that its engineering and production services unit has bagged a one-year contract extension worth nearly $80 million with an undisclosed client in Iraq.
Petrofac claimed that the contract extension is based on its eight-year track record of safe delivery as the incumbent provider of operations and maintenance services.
The facility which the oilfield services provider will continue to manage is said to be among the largest in the Gulf and handles nearly 55% of the crude oil exports of Iraq.
Steve Webber – Petrofac SVP Operations EPS East said: “This contract extension strengthens our long-term client partnership. Since the start of our involvement in 2012, we have supported this facility to export over 4 billion barrels of oil.
“Our teams in Iraq have an impeccable safety record and the use of innovative solutions have been at the heart of our delivery model. We look forward to supporting our client to maintain the best-in-class operation of this important national asset.”