British company Petrovac signs new contract with Iraq worth 100 million dollars

[yota691]

British company Petrovac signs new contract with Iraq worth 100 million dollars

An Iraqi oil field

Economy News Baghdad: Petrofac has announced a new contract and the extension of an existing agreement to provide construction, engineering and commissioning services and start operating two international oil companies in Iraq with a total value of more than US $ 100 million. The identity of the companies involved was not disclosed. Petrofac, a London-based oil services company, did not specify its operations in Abu Dhabi and Sharjah, the companies it has contracted with. "Iraq is an important market for us, and as evidenced by the number of contracts we have received this year, we have consistently demonstrated our ability to execute and execute on behalf of our customers in engineering and production services," said Mani Rajapathi, Managing Director, Petrofac. "As we move forward, our teams will remain focused on ensuring that our services are delivered in line with our customers' expectations to enable them to maximize the value of their oil and gas assets." Last month, the company signed a 10-year framework agreement with Oman National Oil Company, Oman Petroleum Development Company (PDO), to provide engineering support, procurement and construction management services. The value of the contract was not disclosed.   Views 14   Date Added 26/07/2017

[SocalDinar]

Petrofac wins $100 million in contracts in Iraq

Published: July 26, 2017 3:20 a.m. ET

 

 

 

By

MarketWatch

 

LONDON--Oil services firm Petrofac Ltd. (PFC.LN) said Wednesday it has secured a contract extension and a new award with a combined value of more than $100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies in Iraq.

Shares at 0715 GMT up 15 pence, or 3.3%, at 467 pence, valuing the company at GBP1.61 billion.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet http://www.marketwatch.com/story/petrofac-wins-100-million-in-contracts-in-iraq-2017-07-26

[SocalDinar]

Petrofac wins Iraq work worth $100m

Wed, 26 July 2017

Article viewed 49 times

 

 

(ShareCast News) - Oil services group Petrofac on Wednesday said it had won a contract extension and a new award with a combined value of more than $100m for construction management, engineering, commissioning and start-up services for two international oil companies in Iraq.
The awards build on $70m of new work in Iraq announced in April, giving the group "good visibility of future work in the country" and securing around 250 jobs, Petrofac said in a statement.http://sharecast.com/news/petrofac-wins-iraq-work-worth-100m/26232307.html

[SocalDinar]

Petrofac awarded contracts in Iraq

By BFN News | 07:39 AM | Wednesday 26 July, 2017

• Petrofac Limited Ord USD0.02 (PFC)

 

Petrofac (PFC), a service provider to the oil and gas production industry, has secured a contract extension and a new award with a combined value of more than $100 million. The contracts are for construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in Iraq. It builds on the $70 million of new awards in Iraq announced in April. Story provided by StockMarketWire.comhttps://www.investegate.co.uk/News/-/747851/

 

[SocalDinar]

Petrofac announces Iraq contracts worth $100 million 

 

Oil services firm struck Oman framework deal in June

 

John Everington

July 26, 2017

Updated: July 26, 2017 10:53 AM

1

shares

Petrofac operations in Kauther, Oman. The company signed a 10-year framework deal in the country in June. Petrofac

Petrofac has announced a new contract and the extension of an existing agreement to provide construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq, with a combined value of more than US100 million.

The identity of the companies in question was not revealed.

Petrofac, a London-listed oil services firm with operations in Abu Dhabi and Sharjah, did not identify the companies it has contracted with.

“Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients,” said Mani Rajapathy, Petrofac’s managing director for engineering & production services.

“As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients’ expectations to enable them to maximise value from their oil and gas assets.”

Petrofac announced $70m worth of contract awards in April. The company

The company last month signed a 10-year framework agreement with Oman’s national oil company, Petroleum Development Oman (PDO), for the provision of engineering, procurement and construction management support services. The value of the contract was not disclosed.https://www.thenational.ae/business/energy/petrofac-announces-iraq-contracts-worth-100-million-1.614331

 

[SocalDinar]

Petrofac clinches $100m Iraq contracts

Written by Reporter - 26/07/2017 7:05 am

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Petrofac news

Oilfield service firm Petrofac has tied up a contract extension and a new award worth more than $100million in Iraq.

Petrofac said it would provide construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in the country.

The company has worked in Iraq since 2010.  

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Petrofac announced $70million worth of new awards in Iraq in April, securing around 250 jobs.  

 

 

 

Mani Rajapathy, managing director, engineering and production services east, Petrofac, said: “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. 

“Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients.

“As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients’ expectations to enable them to maximise value from their oil and gas assets.”

 https://www.energyvoice.com/oilandgas/north-sea/145728/petrofac-clinches-100m-iraq-contract/

[trinity]

wow, this company's head office is just down the road from me in the UK !!

[nannab]

Thanks Yota and Social Dinar Iraq has contracts going every which direction this is a great thing!

 

Good morning DV

[chinadawg]

Seems some folks have a lot of faith in the old Iraqi dinar scam.

[Wiljor]

6 minutes ago, chinadawg said:

Seems some folks have a lot of faith in the old Iraqi dinar scam.

 

Yep, darn shame their chinadawg  

[Wiljor]

PETROFAC ANNOUNCES IRAQ CONTRACTS WORTH $100 MILLION

Oil services firm struck Oman framework deal in June

Iraq, July 26, 2017 Petrofac has announced a new contract and the extension of an existing agreement to provide construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq, with a combined value of more than US100 million. The identity of the companies in question was not revealed. Petrofac, a London-listed oil services firm with operations in Abu Dhabi and Sharjah, did not identify the companies it has contracted with. “Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients,” said Mani Rajapathy, Petrofac’s managing director for engineering & production services. “As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients’ expectations to enable them to maximise value from their oil and gas assets.” Petrofac announced $70m worth of contract awards in April. The company The company last month signed a 10-year framework agreement with Oman’s national oil company, Petroleum Development Oman (PDO), for the provision of engineering, procurement and construction management support services. The value of the contract was not disclosed. thenational http://iraqdailyjournal.com/story-z15656116

[boosterbglee]

Companies are seeing the opportunities in Iraq.......so do the Dinar believers!

[Gypsygirl11]

Signing lots of contracts lately....hope the change in currency is sooner then later. I would like to be pleasantly surprised.

[sandfly]

Thanks