UK-based oilfield services company Petrofac said on Thursday that its Engineering & Production Services division (EPS) has secured a one-year contract extension worth around $80 million with a key client in Iraq.
 
The company didn't disclose the client's name but said Petrofac has enjoyed a successful eight-year track record "as the incumbent operations and maintenance service provider" for the facility, which handles around 55 percent of Iraq’s crude oil exports.
 
Steve Webber, SVP Operations EPS East, said since 2012, Petrofac has supported the facility, which has exported more than 4 billion barrels of oil. 
 
Petrofac has been providing services in Iraq since 2010 and has been involved in a range of greenfield and brownfield projects in the country worth more than $1 billion, the statement concluded.
 
(Writing by Majda Muhsen; Editing by Anoop Menon)
 
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