Iraqi state Basra Oil Company this week awarded London-listed Petrofac a $370mn engineering, procurement and construction (EPC) contract to build a 200,000 b/d two train central processing facility (CPF) over 34 months at the 230,000 b/d Majnoon field.
Shell and Petronas relinquished their 45% and 30% respective stakes at the giant field 30 June (MEES, 22 June), and Baghdad is looking to services firms to develop the field. Iraq’s oil ministry enlisted China’s Anton Oil and Houston-based KBR contracts at Majnoon in May (MEES, 18 May). Enlisting services firms on short-term contracts is proving to be a key alternative to Iraq’s cumbersome technical services contracts which continue to ward off IOCs (MEES, 22 September 2017). (CONTINUED - 110 WORDS)