Jersey-based energy services company Petrofac was awarded a $160 million contract by Basra Oil Company for its Iraq Crude Oil Export Expansion Project (ICOEEP), Petrofac announced on Wednesday.
According to Petrofac, the new two-year extension reflects its continued delivery focus and five-year track record as the incumbent operations and maintenance service provider.
The ICOEEP's facility, which is responsible for a significant proportion of Iraq’s oil export, is located 60 kilometers offshore the Al Fao Peninsula in southern Iraq.
"It comprises a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers," Petrofac said.
"Petrofac is a key partner for us. The team has supported us over the last five years to significantly increase export from the ICOEEP facility and we look forward to continuing our relationship into 2019," said Ihsan Ismaael, director general of Basra Oil Company.
By Murat Temizer
Anadolu Agency
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