British oilfield services provider Petrofac was awarded a $370 million contract for the expansion of the Iraqi Basra Oil Company's Central Processing Facility (CPF) located in the Majnoon field in southern Iraq, the company announced Monday.
'Under the terms of the 34-month contract, the lump-sum engineering, procurement and construction (EPC) project scope of work includes two oil processing trains that are able to process 200 thousand barrels of oil per day,' a press release said.
According to the statement, 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 of engineering and construction for Iraq, Oman and Saudi Arabia, said Petrofac had 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,' Lahoud added.
Over the past eight years, Petrofac has been involved in a range of greenfield and brownfield projects in Iraq worth more than $1 billion, according to the company's official website.
By Hale Turkes
Anadolu Agency
energy@aa.com.tr