Petrofac JV wins Sharjah rig gig

29th Jun 2011 14:15

BP subsidiary, BP Iraq, has chosen Petrofac and its joint venture partner, China Petroleum Engineering & Construction Corporation (CPECC), to handle inspection, maintenance and repair duties at the Rumaila oil field in Southern Iraq. The oilfield services giant said the one-year contract is worth $90m."This contract will be run from our operating centre in Sharjah and we hope it will further establish our capability both in the country and the region to maximise any future opportunities," said Bill Dunnett, managing director of Petrofac Offshore Engineering & Operations. At 2:12pm (29/6/11), shares in Petrofac were up 27p at 1,536.00p.--jh