Petrofac’s Engineering & Production Services division (‘EPS’) has secured a one-year contract extension worth around US$80 million with a key client in Iraq.
The award is recognition of Petrofac’s successful eight-year track record of safe delivery as the incumbent operations and maintenance service provider. The facility which Petrofac will continue to manage, is one of the largest in the Gulf and handles around 55% of Iraq’s crude oil exports.
Petrofac has been providing services in Iraq since 2010, helping clients to unlock value from their onshore and offshore operations. The company has been involved in a range of greenfield and brownfield projects in the country worth more than US$1 billion, with on-going skills and competency development of the local workforce a key priority.
Source: Petrofac
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