Deals this week: Basra Oil Company, Baker Hughes, Saudi Aramco

21.08.2018

Deals this week: Basra Oil Company, Baker Hughes, Saudi Aramco

 

Basra Oil Company (BOC) has awarded a $370m engineering, procurement and construction (EPC) contract to Petrofac to expand the central processing facility (CPF) in the Majnoon field in southern Iraq.

The scope of the EPC contract includes the construction of two oil processing trains at the CPF with a processing capacity of 200,000 barrels of oil a day.

BOC is an Iraqi oil and gas company, while Petrofac is a US-based oilfield services provider.

Baker Hughes has been contracted by Cairn Oil & Gas to construct 300 new wells at the latter’s Mangala, Bhagyam and Aishwariya fields in Rajasthan, India.

The contract also includes the deployment of a chemical EOR programme to enhance production. It is planned to be executed in phases over the next two years.

Based in the US, Baker Hughes is an industrial services provider to the oil and gas industry and a subsidiary of GE, while Cairn Oil & Gas is an Indian oil and gas subsidiary of Vedanta Resources.

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