Petrofac wins $500mn Iraq contract
Firm to co-ordinate construction projects at BP-operated Rumaila field
Oil & gas contractor Petrofac has announced that it has won a contract with BP in Iraq worth $500mn.
The contract will see it provide construction management services to BP Iraq at the Rumaila field near Basra in southern Iraq.
Specifically, it will help BP and its partners China National Petrolem Company, Rumaila Operations Organisation and state-owned South Oil Company, to safely increase production at what is one of the world's largest oil fields.
The contract runs for three years, with an option to extend for another two years and has a potential value of up to $500mn.
It will provide overall management and co-ordination of multiple construction projects, including construction management and supervision of work undertaken by third party contractors on the field, 32km from the Kuwaiti border.
Mani Rajapathy, regional senior vice-president for Petrofac, said: “The award builds on an established track record for Petrofac in Iraq, in particular at Rumaila, dating back to 2011. We look forward to sharing in the continued success of the regeneration of Rumaila.”
Petrofac also announced a $120mn deal with Chevron to support three platforms in the North Sea.