Petrofac gets six-month extension contract with Basra Oil

Petrofac, a provider of oilfield services to the international oil and gas industry has announced its Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP), Trade Arabia reports.
Petrofac per the agreement is responsible for almost 300 km of subsea pipelines, 1800 metres of subsea and floating hose infrastructure and a marine spread comprising 14 vessels.
ICOEEP is one of the largest export terminals in the Gulf and handles around 50 per cent of Iraq’s crude oil exports, is located 60 km offshore the Al Fao Peninsula in Southern Iraq, the online media notes.
The facility also includes a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers.
The Jersey-registered company has been operating in Iraq since 2010 and employs around 400 people.

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