Petrofac secures maintenance contract in Iraq

BP Iraq NV (BP) has awarded Petrofac and its joint venture partner, China Petroleum Engineering & Construction Corporation (CPECC), an inspection, maintenance and repair contract worth US$ 90 million for the Rumaila oil field in Southern Iraq.

Petrofac’s Offshore Engineering & Operations (OE&O) business will lead the one-year contract (effective from 28 June 2011), worth US$ 63 million to the group.  Work will commence following a short transition and the scope of the contract covers rotating machinery, degassing stations and cluster stations. The project is being undertaken in partnership with CPECC, a company that has well established operations and infrastructure in Iraq. 

Commenting on the award, Petrofac’s group chief operating officer, Maroun Semaan, said, “We continue to be focused on our ongoing activities in Iraq and this most recent contract win demonstrates our strategic intent to grow the breadth and depth of our service delivery within the country. It also provides an excellent opportunity for us to establish closer relations with the BP Iraq team and to continue to develop our own in-country knowledge and presence.”

The Rumaila oil field, discovered by BP in 1953, is located in Southern Iraq, 32km from the country’s border with Kuwait.

Read the article online at: https://www.worldpipelines.com/business-news/29062011/petrofac_secures_maintenance_contract_in_iraq/