Petrofac announces Iraq contracts worth $100 million
Oil services firm struck Oman framework deal in June
Petrofac has announced a new contract and the extension of an existing agreement to provide construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq, with a combined value of more than US100 million.
The identity of the companies in question was not revealed.
Petrofac, a London-listed oil services firm with operations in Abu Dhabi and Sharjah, did not identify the companies it has contracted with.
“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,” said Mani Rajapathy, Petrofac’s managing director for engineering & production services.
“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.”
Petrofac announced $70m worth of contract awards in April. The company
The company last month signed a 10-year framework agreement with Oman’s national oil company, Petroleum Development Oman (PDO), for the provision of engineering, procurement and construction management support services. The value of the contract was not disclosed.
Updated: July 26, 2017 10:53 AM