Egypt’s state owned Petroleum Projects & Technical Consultations Company (Petrojet) has been awarded $142.5mn in two major Iraq contracts.
In the first contract, worth $75mn, Petrojet will carry out the first phase of the rehabilitation and upgrade of the current facilities in Basra Gas Company, for the benefit of Shell, the South Gas Company and Mitsubishi.
The work is to be completed within 24 months.
The second contract, valued at $67.5mn, will see Petrojet, in cooperation with Samsung Engineering, be responsible for the civil, installation, and mechanical works on the degassing station facility for the Zubair oilfield operated by the Italian company Eni.
Work for the second contract is scheduled to take place in 16 months.
