WorleyParsons has been awarded a contract extension worth US$90mn to continue providing engineering services to boost production at the super-giant Rumaila oilfield in southern Iraq
The contract was awarded by BP Iraq NV and its partners PetroChina and the State Oil Marketing Organisation (SOMO) of Iraq.
Andrew Wood, CEO of WorleyParsons, commented, "We are pleased to be able to continue our involvement in the reconstruction and development of Iraq’s oil and gas infrastructure. We understand the significance of the Rumaila development to the regeneration of the Iraqi economy."
The contract is currently being executed from WorleyParsons’ offices in London, UAE and Iraq.
In 2009, BP and its partners signed a 20-year Technical Service Contract (TSC) with the South Oil Company (SOC) of Iraq to work on tripling output from the field to 2.85mn barrels of oil per day over the next six years.
Once work is completed on Rumaila it will become the world’s second largest producing oilfield, contributing approximately 10 per cent of Middle East production, seven per cent of OPEC production and three per cent of global production.
