Iraq has awarded Petrofac’s Engineering & Production Services (EPC) a six month contract extension with Basra Oil Company (BOC) for the Crude Oil Export Expansion Project (ICOEEP), according to a press release.
The engineering and production contract pertains to a facility 60 km offshore the Al Fao Peninsula in Southern Iraq and is one of the largest export terminals in the Gulf, handling around 50% of Iraq’s crude oil exports. It comprises a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers.
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.”
Petrofac has had an ongoing presence in Iraq since 2010.