Petrofac extends and secures new deals in Iraq

Petrofac extends and secures new deals in Iraq

Jul 26, 2017
2 min read
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Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq.

Mani Rajapathy, managing director, Engineering & Production Services East, said: “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients."

Today’s announcement builds upon US$70 million of new awards in Iraq announced in April, giving the Sharjah-based firm good amount of future work in the country and securing around 250 jobs.