Iraq OKs Petrofac's $330m Oilfield Tender

Reuters reports that Iraq's cabinet has approved a $329.8 million tender with British oil service firm Petrofac for the country's Badra oilfield.

Petrofac plans to build a major crude processing facility to help production at the field to reach 170,000 barrels of oil per day (bpd) in 2017, a target which was set by Iraq's oil ministry.

Russia's Gazprom Neft, Turkey's TPAO, South Korea's KOGAS and Malaysia's Petronas, are teaming up to develop the field near the Iran border, which has estimated reserves of 100 million barrels.

Gazprom Neft, expects to start commercial production of 15,000 bpd of oil at the Badra field in August 2013.

(Source: Reuters)

3 Responses to Iraq OKs Petrofac's $330m Oilfield Tender

  1. Taz 23rd February 2012 at 19:49 #

    great.... a contract worth $329.8 and they don't have a web page on thier website for job in iraq how iraqi People will benfit from petrofac, not just that the wepsite dont have contact email or office in baghdad/iraq the worst off all the website dont have arabic gggggggggggger great job PETR NOT FACT wish i know how you getting this kind of contract.

    shell same thing and many other companies .

    Where all those analysts who declare the Private sector in Iraq very poor. i think its about time all companies won contracts in iraq to adopt a strategy to Communicate with people in general and local companies.

  2. taz kashan 24th February 2012 at 01:23 #

    why my comment not showing hemmmmmmmmmm, did someone deleted it, i thought it's free world.

  3. Editor 24th February 2012 at 12:11 #

    @taz kashan: Your comment was held for checking and has now been approved (see above).

    - Editor