Petrofac wins new business in Iraq

Petrofac awarded US21 million FEED contract by ADCOPetrofac has built up a strong track record of business with Iraq since 2010. (Image source: Petrofac)Petrofac has won a contract extension and a new award with a combined value of more than US$100mn for construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in Iraq

The new business announcement builds upon US$70mn of new awards in Iraq announced in April, for engineering, operations and maintenance services with two IOCs and South Oil Company, giving the Group good visibility of future work in the country and securing around 250 jobs. The company has built up an extensive track record in the country since 2010.

Mani Rajapathy, managing director, Engineering & Production Services East, said, “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients.

“As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients’ expectations to enable them to maximise value from their oil and gas assets.”

 

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