Petrofac wins contract for oilfield development in Iraq

Feb 24, 2012 12:00 AM

Petrofac, the international oil & gas service provider, has been awarded a $ 330 mm lump-sum engineering, procurement and construction (EPC) contract by Gazprom for the first phase of the Badra Oilfield Development Project in Iraq.
The
competitively tendered project will commence shortly and be completed in three 18-month phases, with final completion scheduled during the second half of 2015.

Under the terms of the contract, Petrofac will provide detailed design, engineering, procurement, construction, pre-commissioning, commissioning and start-up work on the Badra developments central processing facility, which comprises three crude oil processing trains.
The
first phase of the project is expected to come on stream in the second half of 2013.

Marwan
Chedid, chief executive of Petrofacs Engineering, Construction, Operations & Maintenance (ECOM) division, commented:We are delighted to be working with Gazprom on this important development which holds significant future potential for the progression of Iraqs oil & gas industry. This is Petrofacs third notable project award in Iraq and also marks our first lump sum EPC project in the country."
"Iraq
represents a sizeable market opportunity for Petrofac and our Basra office is continuing to expand as we develop our presence in the country. In the meantime, our teams are looking forward to delivering a successful outcome on the Badra project in line with our commitment to safety, quality, integrity and corporate social responsibility.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events