Petrofac extends maintenance role for offshore Iraq oil export facilities

South Oil Co. (SOC) has awarded Petrofac a 12-month extension valued at $99 million for the Iraq Crude Oil Expansion Project.

Offshore staff

LONDON– South Oil Co. (SOC) has awarded Petrofac a 12-month extension valued at $99 million for the Iraq Crude Oil Expansion Project.

This covers the project’s second phase, and will also extend Petrofac’s operations and maintenance scope. It comes into effect next month, with an additional one-year extension option available.

SOC originally brought in the contractor in August 2012 for 12 months of operations and maintenance services on the project’s offshore facilities. These include a platform, a metering station, two single-point moorings (SPMs), subsea pipelines and tanker operations, all 60 km (37 mi) offshore the Al Fao Peninsula in southern Iraq.

The phase two extension covers two further SPMs and the Central Metering and Maintenance Platform (CMMP).

Mani Rajapathy, senior vice president MENA/CIS, Petrofac Offshore Projects & Operations, said: “Over the past 12 months we’ve achieved some significant milestones on behalf of our customer SOC, including the export of 240 MMbbl of oil.”

10/23/2013

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