Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP)
The confirmation of the contract extension is recognition of Petrofac’s seven-and-a-half-year track record of safe and efficient delivery and the ability to sustain and improve export levels as incumbent operations and service provider for maintenance.
The facility, which is one of the Gulf’s largest export terminals and handles around 50 per cent of Iraq’s crude oil exports, is located 60 km offshore in Southern Iraq’s Al Fao Peninsula.
It comprises a central metering and manifold platform and four single point moorings which facilitate oil export onto awaiting crude carrier tankers. Additionally, Petrofac is responsible for almost 300 km of subsea pipelines, 1800 m of subsea and floating hose infrastructure and a 14 vessels marine spread.
Mani Rajapathy, managing director, EPS East, said, “We are delighted to be awarded this further contract extension in Iraq by our longstanding client BOC. During this current challenging period for operations we have continued to work well together, improving the daily export beyond two million barrels. We thank BOC for their consistent support and look forward to maintaining the best-in-class operation of this important national asset.”
Ihsan Ismaael, director general of BOC, commented, “Petrofac continues to be a true partner to BOC, ensuring uninterrupted and record exports. We appreciate their commitment, particularly during this recent period, and congratulate them for hitting new export highs.”
