Petrofac bags £290m contract in Iraq

Petrofac will manage plugging and abandonment of three wells on the Thames project
Petrofac will manage plugging and abandonment of three wells on the Thames project

Petrofac has been awarded a contract worth around £290 million by Basra Oil Company (BOC) for expansion of the central processing facility in the Majnoon Field, Southern Iraq.

Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC)

The engineering, procurement and construction contract includes two oil processing trains, able to process 200,000 barrels of oil per day.

Petrofac was previously awarded a contract in 2011 and delivered engineering, procurement and construction management for the execution and completion of the existing CPF at Majnoon.

Elie Lahoud, Group Managing Director, Engineering & Construction – Iraq, Oman and Saudi Arabia, commented: “We have developed a significant track record in Iraq with enhanced local delivery, successfully providing services both onshore and offshore since 2010.

“This important contract win demonstrates Petrofac’s long-lasting client relationships and our ongoing commitment to extending our operations in this key market that complements our broad service capabilities, international experience and expertise.”

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