Petrofac wins Iraq work worth $100m

Oil services group Petrofac on Wednesday said it had won a contract extension and a new award with a combined value of more than $100m for construction management, engineering, commissioning and start-up services for two international oil companies in Iraq.

The awards build on $70m of new work in Iraq announced in April, giving the group “good visibility of future work in the country” and securing around 250 jobs, Petrofac said in a statement.