Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit.
Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities and infrastructure to deliver a combined increase in production capacity of approximately 250,000 bpd of oil and 300 million standard cubic feet of gas. Kentz will be working on both new and existing upstream facilities, based in the Basra and Baghdad areas.
The scope of services to be provided include project management, front end engineering, procurement and installation supervision support for three oil and gas facilities. Kentz will draw resources from offices in Basra, alongside Abu Dhabi, Dubai, and Saudi Arabia.
Kentz first commenced operations in Iraq in 1981 and in August 2010 announced that it had reached agreement to acquire an interest in Dome General Contracting Company Ltd. (Iraq); a leading supplier of services to Iraq's energy sector. The awards announced today are in-line with Kentz's stated strategy to grow its presence in the Iraqi hydrocarbons market.
Mike Murphy (pictured), Chief Operating Officer, Technical Support Services for Kentz, commented:
"We are delighted to have been awarded a succession of new contracts in Iraq, which underpin our continued focus on the Middle East region and the opportunity that we highlighted to the market.
"Iraq has the third largest proven oil reserves in the world and Kentz is well positioned to support key clients through in-country resources and a proven track-record of delivery, backed up by a global supply network of engineering and procurement resources."