Leighton Offshore awarded USD 79 million SPM contract in Iraq

Leighton Offshore announced that the award of an additional Single Point Mooring contract by Iraq's South Oil Company.

The SPM contract worth USD 79.85 million is in addition to the USD 799 million Phase 1 Iraq Crude Oil Export Expansion Project scope currently underway. The work will be undertaken in parallel with the current Phase 1 scope and is scheduled for completion by early 2012.

Mr Peter Cox CEO of Leighton Offshore said that 'This project adds to our track record as an integrated EPCIC contractor and as the premier SPM installer in the region having installed more than a dozen SPM systems across Asia, Africa and the Middle East over the past decade. The ICOEEP is aimed at expanding offshore loading facilities to enable export capability of 4.5 million barrels of oil per day.'