Petrofac scores BP Iraq contract

FTSE 100 oilfield services giant Petrofac has won an inspection, maintenance and repair contract for the Rumaila oil field in Southern Iraq alongside its joint venture partner, China Petroleum Engineering & Construction Corporation (CPECC).

The contract, which is worth $160m to Petrofac, was awarded by BP Iraq through the Rumaila Operating Organisation (ROO), following a competitive tender process.

The project will be led by Petrofac's Offshore Projects & Operations (OPO) business.

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Marwan Chedid, Chief Executive of Petrofac's Engineering, Construction, Operations & Maintenance (ECOM) division, said: "We are delighted to have been awarded a further contract for the Rumaila field. This award is testament to Petrofac's ability to deliver to a high standard in Iraq and builds on the success we have achieved over the past year in this field.

"Alongside our partner CPECC, we look forward to developing further our relationship with BP Iraq and the Rumaila Operating Organisation and helping to ensure a safe and successful future for this flagship field."

NR