Petrofac bolsters Iraqi offering with new work

Energy services heavyweight Petrofac has signed contracts worth more than $100 million (£77m) in Iraq.

The group, which has a major base in Aberdeen, said the deals reflected the “extensive track record” it has been amassing in the country since 2010. It builds upon $70m of new awards in Iraq announced in April, giving the firm “good visibility of future work” in the country and securing some 250 jobs.

Mani Rajapathy, managing director, engineering and production services east for Petrofac, said: “We’re delighted the international oil companies in Iraq continue to choose Petrofac to support their operations.

“Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients.”

The group has also benefited from greater stability in global oil prices of late.