The two companies signed a master services agreement under which Petrofac will provide engineering services on a call-off basis for three years at the Russian company’s Sarqala block (formerly known as Garmian).
Petrofac’s works will be directed towards a debottlenecking operation to expand the Sarqala field’s central processing facility, the company said in a press release.
“We have been working with this key client in Iraq for more than three years and hope to take this opportunity to build on our relationship through the demonstration of Petrofac’s fit-for-purpose and value-driven engineering solutions in the Kurdistan region,” Steve Webber, senior vice-president, Petrofac Engineering & Production Services East, said.
Gazprom Neft Middle East has a 40% operating stake in the Sarqala block, with WesternZagros also holding 40% and the Kurdistan Regional Government holding the remaining 20%.
In late September, a Gazprom executive told the company’s news service that it is eyeing entering new Kurdistan blocks as operator, as well as looking to renegotiate the terms of its PSAs due to the drop in oil prices.
Subsea7 on Friday announced the award of a contract valued at up to USD 500 million to the Subsea Integration… Read More
Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More
Colombia-based GeoPark has signed an offtake and prepayment agreement with Dutch commodities trading firm Vitol for a minimum of 20,000… Read More
Nigeria has opened a bid round covering 12 onshore and deepwater oil and gas blocks, Reuters reported on Wednesday Read More
ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
This website uses cookies.