Petrofac scoops $95m Gazprom deal

Gazprom27 August 2013, News Wires – London-listed services player Petrofac has won a second contract by Russia’s Gazprom Neft for work on the Badra oilfield in Iraq.

The $95 million deal involves the provision of maintenance engineering, maintenance execution and support services over a three-year period.

Petrofac said the award builds on a $300 million deal it scooped in February last year to carry out engineering, procurement and construction work on the first phase of the field’s processing facilities.

The company’s Offshore Projects & Operations (OPO) business will now provide maintenance services including a computerized maintenance information management system and related processes and procedures, maintenance execution and associated support services in relation to the processing facilities, equipment and associated infrastructure.

Petrofac OPO managing director Bill Dunnett said Iraq was a key geography for the company.

“This award reflects our ability to provide quality maintenance and engineering services on technically and logistically challenging projects in the region,” he said in a statement.

Dunnett said Petrofac had opened its Iraqi headquarters in Rumaila earlier this year and was currently working on four major developments in the country.

The commercial production start-up date for Badra was pushed back from this August due to Schlumberger withdrawing from the oilfield after facing geological challenges.

The field, located 160 kilometres south-east of Baghdad, is now expected to achieve first phase production of 60,000 barrels per day in 2014.

Gazprom Neft operates Badra in partnership with South Korea’s Kogas, Malaysia’s Petronas and TPAO of Turkey.

– Upstream

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