Lukoil awards Weir Group with service contract for Iraqi oilfield

weirWeir Group has announced that it has been awarded a maintenance service contract worth US$98mn by Russian explorer Lukoil for the West Qurna-2 oilfield in Iraq

The two-year agreement will see Scottish firm deliver mechanical, electrical, maintenance and pipeline services for the related production facilities, including the Mishrif Central Processing Plant.

Weir Group said that it has invested over US$8mn in establishing its service centre in Basra, Iraq and it is reportedly the first in-country location to offer fully comprehensive maintenance services for all kinds of rotating equipment, valves and wellheads.

The facility is also the first in Iraq to obtain API and ISO licences, the company added.

West Qurna-2 is touted to be one of the largest undeveloped oilfields in the world. The Mishrif facility, expected to be operational by first half of 2014, will initially produce 150,000 bpd, thereby increasing production to 400,000 bpd by the end of 2014.

Keith Cochrane, chief executive of Weir Group, said, “This substantial contract demonstrates the importance of Weir Group’s long experience of working in Iraq and our reputation for delivering high quality engineering services in support of the country’s developing oilfield infrastructure.

“It also reflects our global capability, a key strength of our group which allows us to capture opportunities in high growth markets and be a partner of choice to our worldwide customers.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?