Petrofac wins $370m contract for Majnoon field, Iraq

Petrofac has secured a $370m contract from Basra Oil Company (BOC) regarding the expansion of the central processing facility (CPF) in Majnoon field, southern Iraq.

Discovered by Brazilian company Braspetro in 1975, the oil field is located 60km from Basra and has an estimated 38 billion barrels of oil in place.

Under the terms of the contract for 34 months, Petrofac’s lump-sum engineering, procurement and construction (EPC) project scope of work will include two oil processing trains that can process 200kbopd.

In 2011, Petrofac delivered engineering, procurement and construction management for the execution and completion of the existing CPF at Majnoon, under a contract.

Petrofac engineering and construction – Iraq, Oman and Saudi Arabia group managing director Elie Lahoud said: “We have developed a significant track record in Iraq with enhanced local delivery, successfully providing services both onshore and offshore since 2010.

“This important contract win demonstrates Petrofac’s long-lasting client relationships and our ongoing commitment to extending our operations in this key market that complements our broad service capabilities, international experience and expertise.”

Majnoon’s first pay zone comprises Upper Cretaceous, which proved 4,000 barrels of oil a day in 1976.

Petrofac’s Engineering & Production Services East business recently won an additional scope of work in Bahrain from Tatweer Petroleum.

Petrofac’s works will include the execution of the engineering, procurement and construction (EPC) of additional gas wells, and will be responsible for connecting them to the gas dehydration facility on a lump-sum turnkey basis.