By Simon Kent.
G4S Risk Management has announced that it has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million.
BGC operates several assets including two gas plants, several compressor stations, a marine shipping terminal, an LPG storage terminal, and all the pipelines between. BGC captures and transports gas from oil fields of West Qurna 1, North Rumaila, South Rumaila and Zubair. This is the largest gas project in Iraq’s history and the world’s largest gas flares reduction project.
(Source: G4S Risk Management.)