Petrofac lands extension at Al Fao
12-month extension on Iraq Crude Oil Expansion project brings total value of work to more than $300mn in three years
Contractor Petrofac has landed a second contract extension from Iraq's state-owned South Oil Company to support the Iraq Crude Oil Expansion project.
The extension, for a further 12 months, is worth a further $106mn to the oil & gas specialist, bringing the total value of the contract since it was first appointed in 2012 to more than $300mn.
Petrofac is responsible for operations and maintenance services on a range of offshore facilities including an offshore platform, a central metering and maintenance platform (CMMP), four single point moorings, subsea pipelines and tanker operations, all based 60km offshore the Al Fao Peninsula in southern Iraq.
Dyeyaa Jaafar Hyjam, director-general of South Oil Company, said: “During the last two years, apart from delivering operations and maintenance and export targets, Petrofac has brought in its wider capabilities in engineering, supply chain and project management for the benefit of SOC. This contract extension reflects Petrofac's significant contribution to SOC’s improved export from Al Fao, in a safe and efficient manner.”