Leighton Offshore has been awarded a US$ 518 million contract which forms part of the Crude Oil Export Facility Reconstruction Project (the ‘Sea Line Project’), which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA). The Project involves the development of two offshore platforms, a 75 km 48 in. oil pipeline and a Single Point Mooring system.
The project aims to stabilise and expand Iraq’s crude oil export capacity, a lifeline of the Iraqi economy, by constructing a pipeline connecting crude oil storage facilities to the offshore crude oil export terminal in Fao, Basrah in Southern Iraq.
Leighton Holdings Chief Executive Officer, Hamish Tyrwhitt said the contract award demonstrated the wealth of expertise and highlighted the Leighton Group’s broader strategy to become a major player in the offshore construction Industry.
“Leighton Offshore has demonstrated its ability to deliver complex projects in difficult and remote locations and we are extremely proud to be a part of the rebuilding of Iraq’s oil export infrastructure which is critical to Iraq’s economy,” Mr Tyrwhitt said.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/17102011/leighton_offshore_awarded_518_million_dollar_contract_for_crude_oil_export_facility_reconstruction_project_in_iraq/