Petrofac secures $160mn BOC deal

LONDON / WAM

UAE-based oil services company Petrofac announced on Wednesday the winning of a $160 million contract from the Basra Oil Company (BOC), formerly known as the South Oil Company, in southern Iraq. The contract, awarded to Petrofac’s Engineering and Production Services, EPS, division, is for BOC’s Iraq Crude Oil Export Expansion Project, ICOEEP. Petrofac has a five-year record as the incumbent operations and maintenance service provider.
The facility, which is responsible for a significant proportion of Iraq’s oil exports, is located 60 kilometres offshore the Al Fao Peninsula in Southern Iraq. It comprises a central metering and manifold platform and four Single Point Moorings which facilitate the loading of crude oil on to awaiting tankers. In addition, Petrofac is responsible for almost 300 km of subsea pipelines, 1,800 metres of subsea hose infrastructure and a marine spread comprising 14 vessels.
Mani Rajapathy, Managing Director for Petrofac’s EPS East, said, “We are delighted to continue with our role in support of this key crude export facility. Since the start of our involvement in 2012, we have exported more than 2.2 billion barrels of oil while retaining an impeccable safety record.”