Turkey’s Enka Wins $60m Majnoon Deal

Iraq and partners Shell and Petronas awarded a contract worth more than $60 million [72 billion Iraqi dinars] to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, according to a report from Reuters.

The construction and energy company will also install two crude storage tanks and four pumping units which will connect a pipeline network at three well-pads, an Iraqi oil official told the agency on Friday.

“Under the deal, Turkey’s Enka will install two production facilities with a capacity for processing 100,000 barrels per day of crude to be produced from the supergiant Majnoon oilfield … Output is expected to hit 175,000 bpd in 2012 and that requires installing new crude facilities and further preparing well-pads to drill new oil wells.”

The official said Iraq, Shell and Petronas still had to set a date to sign the contract with Enka.

Four companies initially tendered for the deal, including Italy’s Saipem and India’s Punj Lloyd Ltd .

(Source: Reuters)

 

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