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Petrofac extends contract for Iraq Crude Oil Export Expansion Project

BAKU, Azerbaijan, May 28

By Leman Zeynalova – Trend:

Engineering & Production Services division (EPS) of UK-based Petrofac company has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP), Trend reports via Petrofac.

Mani Rajapathy, Managing Director, EPS East, said that during this current challenging period for operations the sides have continued to work well together, improving the daily export beyond two million barrels.

The facility, which is one of the largest export terminals in the Gulf and handles around 50 percent of Iraq’s crude oil exports, is located 60 km offshore the Al Fao Peninsula in Southern Iraq. It comprises a central metering and manifold platform and four Single Point Moorings which facilitate oil export onto awaiting crude carrier tankers. In addition, Petrofac is responsible for almost 300 km of subsea pipelines, 1800 metres of subsea and floating hose infrastructure and a marine spread comprising 14 vessels.

Petrofac has been present in Iraq since 2010. Today, Petrofac employs around 400 people in country and is currently working on a number of projects for a variety of NOC and IOC clients.

Petrofac is providing operations and maintenance (O&M) services on the Iraq Crude Oil Export Expansion Project offshore facilities. The facilities include:

Four single point moorings (SPMs)

A central metering and maintenance platform (CMMP)

Subsea pipelines

Additional SPM stored and maintained in Hamriyah, Sharjah, UAE

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IGB’s Commercial Operation Date announced

BAKU, Azerbaijan, March 9

By Leman Zeynalova – Trend:

Commercial Operation Date (COD) of the Interconnector Greece-Bulgaria (IGB), which is expected to deliver 1 billion cubic meters of gas per year from Azerbaijan to Bulgaria is set for the second quarter of 2021, executive director of ICGB project company Teodora Georgieva told Trend.

She noted that the interconnector’s construction was commenced on Oct.28, 2019 and the duration is 18 months.

As for the current status of the project, Georgieva said the first pipe yard for acceptance and storage of line pipes and construction camp on Bulgarian territory is ready and the second pipe yard in Bulgaria is in preparation.

“Survey and clearance of the Right of Way strip in Bulgaria is ongoing (7.5 km RoW is cleaned). Until Feb.26, 2020, around 1,224 of pipes have been delivered in the pipe yard in Bulgaria with cumulative length of 17,682 meters,” said the executive director.

She pointed out that the main tenders are already finalized and the main contracts are assigned.

“We do not expect tenders of such scale as the previous EPC and the Line Pipe Supply tender,” Georgieva explained.

The Interconnector Greece-Bulgaria project envisages a two-stage development.

In the first stage, the pipeline capacity will be 3 billion cubic meters of gas, of which 2.7 billion cubic meters will be offered for the long-term market, the remaining share of 0.3 billion cubic meters in the short term.

In a second phase, also depending on the evolution of the market, the capacity of the pipeline can be increased to 5.3 billion cubic meters of gas thanks to the addition of a compression station: 4.5 billion cubic meters of gas 0.5 billion cubic meters of short-term gas will be offered for long-term products.

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