Petrofac has secured a series of contract awards worth more than $70m for engineering, operations and maintenance services in Iraq, according to PennEnergy. The company’s Engineering and Production Services’ (EPS) East business secured the awards during the first quarter of 2017 with two major International Oil Companies and South Oil Company.
As informed on Your Oil and Gas News, Petrofac’s Managing Director of Engineering & Production Services East, Mani Rajapathy, stated that there has recently been a considerable shift in the wider region’s market dynamics and the contracts reflect Iraq’s confidence in the company’s operations in the country.
“Over the coming months we will focus on effective deployment of our operations, engineering and projects’ activities across the contracts to enable our clients to unlock maximum value from their oil and gas assets,” he added.
Petrofac has been providing services in Iraq since 2010. Recently, the firm has been awarded new scopes from South Oil Company, which include the installation of offtake facilities and a mooring system for an additional Single Point Mooring. This additional scope builds on the company’s six-year tenure as the provider of operations and maintenance for the offshore international crude oil export expansion production facility.