Petrofac Secures Almost $1B in New Contracts

14 Dec 2017   Iraq

Oil and gas services company Petrofac has secured almost $1 billion in new contracts from Basra Oil Company (BOC) and BP plc. Petrofac announced Wednesday that its Engineering & Production Services (EPS) division had won a contract worth $160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP). The facility is located 60 kilometres 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. The BOC award followed Petrofac’s announcement on Tuesday that it had been awarded a lump-sum contract worth approximately $800 million by BP for work on the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman. This project comprises the addition of a third […]

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