Petrofac’s Engineering & Production Services division (‘EPS’) has secured a one-year contract extension worth around US$80 million with a key client in Iraq.

The award is recognition of Petrofac’s successful eight-year track record of safe delivery as the incumbent operations and maintenance service provider. The facility which Petrofac will continue to manage, is one of the largest in the Gulf and handles around 55% of Iraq’s crude oil exports.

Steve Webber, SVP Operations EPS East, commented:
"This contract extension strengthens our long-term client partnership. Since the start of our involvement in 2012, we have supported this facility to export over 4 billion barrels of oil. Our teams in Iraq have an impeccable safety record and the use of innovative solutions have been at the heart of our delivery model. We look forward to supporting our client to maintain the best-in-class operation of this important national asset."

Petrofac has been providing services in Iraq since 2010, helping clients to unlock value from their onshore and offshore operations. The company has been involved in a range of greenfield and brownfield projects in the country worth more than US$1 billion, with on-going skills and competency development of the local workforce a key priority.

About Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world’s leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac’s range of services meets its clients’ needs across the full life cycle of oil and gas assets.

With around 11,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.