Petrofac has secured a contract extension and a new award for construction management, engineering, commissioning and start-up services, which are worth a combined value of over US$100 million, for two international oil companies (IOCs) in Iraq.
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"Petrofac awarded US$100 million contracts in Iraq"
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The awards reflect the track record Petrofac has been amassing in the country since 2010. Today’s announcement builds upon US$70 million of awards in Iraq that were announced in April, giving the company enhanced visibility of future work in the country and securing around 250 jobs.
Mani Rajapathy, Managing Director of Engineering and Production Services East, said: “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. 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.
“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.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26072017/petrofac-awarded-us100-million-contracts-in-iraq/