Petrofac has won new contracts in Oman and Iraq together totalling almost US$1bn
The company been awarded a lump-sum contract worth approximately US$800mn by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman. This follows the US$1.4bn Phase 1 CPF Khazzan project, awarded to Petrofac in February 2014, which celebrated first gas in September.
The project comprises the addition of a third gas train with a capacity for nominally handling 500mn standard cubic feet of gas per day (mmscfd), which will help drive increased total production capacity from the CPF to 1,500 mmscfd. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work also includes liquid and compression trains and associated infrastructure, as well as brownfield work associated with connecting the Phase 1 and 2 facilities.
Ayman Asfari, Petrofac group chief executive commented, “We have a very strong record for project execution in Oman, and as part of this have delivered significant in-country value. We look forward to continuing to demonstrate our commitment to a sustainable and long-term presence in the Sultanate through the safe and timely delivery of this project for BP."
BP Oman is lead partner in the Khazzan project with a 60 per cent interest. Oman Oil Company Exploration & Production holds 40 per cent.
Meanwhile, Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160mn from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP), representing a two-year extension of its role as operations and maintenance service provider.
The facility, which is responsible for a significant proportion of Iraq’s oil export, is located 60 km offshore the Al Fao Peninsula in Southern Iraq. It comprises a central metering and manifold platform and four single point moorings which facilitate oil export onto awaiting crude carrier tankers. In addition, Petrofac is responsible for almost 300 km of subsea pipelines,1,800 m of subsea hose infrastructure and a marine spread comprising 14 vessels.
Mani Rajapathy, managing director, Engineering & Production Services East, said, “We are delighted to continue with our role in support of this key crude export facility. Since the start of our involvement in 2012, we have exported more than 2.2bn bbl of oil while retaining an impeccable safety record. We have also remained focused on adding value for our client through the deployment of innovative and differentiated solutions.”
