News In Brief: Petrofac Lands Offshore Support Contract
News: UK-based oil field contractor Petrofac has secured a 12-month contract worth around US$100mn from Iraq's state-owned South Oil Company. Under the contract Petrofac will support offshore operationsÂ at Iraq's Oil Expansion Project. Petrofac will perform operations and provide maintenance services for new oil export facilities situated off the Al Fao peninsula. The contract will start after a mobilisation period of three months and has two one-year extension options.