KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq.
Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two plus one year extendable service contract.
Jay Ibrahim (pictured), KBR President Europe, Middle East, Africa and Asia-Pacific region, commented:
"KBR has a long and rich history in Iraq and we are excited to be able to leverage our broad expertise in onshore oil and gas processing facilities across the project lifecycle as a true partner to BOC.
"This award highlights BOC's confidence in KBR's capabilities to deliver in multiple engineering discipline areas across a variety of projects. We look forward to transferring our knowledge and experience to local Iraqis in order to leave a lasting legacy in the country."
A statement from the Ministry of Oil at the end of April put the value of the contracts with KBR and China's Anton Oilfield Services Group (Antonoil) at $118 million, adding that there would be “other secondary contracts” to follow.
BOC is expected to take over operations at Majnoon from Shell by the end of June.
(Sources: KBR, Ministry of Oil)