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Petrofac Gets $329.7M Contract In Iraq's Badra Oil Field

Petrofac Gets $329.7M Contract In Iraqs Badra Oil Field
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Τρι, 21 Φεβρουαρίου 2012 - 17:44
Iraq and a consortium led by Russia's state oil producer OAO Gazprom Neft (SIBN.RS) have awarded a $329.758 million deal to U.K.-based oil and gas services company Petrofac Ltd. (PFC.LN) to develop the untapped Badra oil field, in eastern Iraq, an Iraqi government spokesman said Tuesday.
Iraq and a consortium led by Russia 's state oil producer OAO Gazprom Neft (SIBN.RS) have awarded a $329.758 million deal to U.K.-based oil and gas services company Petrofac Ltd. (PFC.LN) to develop the untapped Badra oil field, in eastern Iraq , an Iraqi government spokesman said Tuesday.

Government spokesman Ali Al Dabbagh said Petrofac would build a central processing facility, or CPF, for oil production in the field. He gave no further details.

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