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Petrofac secures contract extension worth £57m for work in Iraq

© PetrofacPetrofac Shell

Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.

It builds on eight-years of “safe delivery” as the operations and maintenance service provider at an unnamed facility, which handles 55% of the Middle East country’s crude exports, making it “one of the largest in the Gulf”.

The work will be carried out by the Jersey-headquartered firm’s engineering & production services division (‘EPS’).

Petrofac has been providing services in Iraq since 2010, during which time it has been involved in a range of greenfield and brownfield projects worth more than $1 billion (£716m).

Steve Webber, 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.”

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