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FINANCIAL NEWS
Leighton Offshore wins $733m contract in Iraq
24 Oct 2010
(MENAFN) Singapore-based Leighton Offshore said that it has signed an EPC contract worth $733 million with Iraq�s South Oil Company for a crude oil export facility project at Fao Terminal near Basra, Reuters reported.
The project will provide enhanced export facilities from the Fao Terminal and forms a major part of the South Oil Company�s strategic redevelopment program for Iraq, said a top official.
Leighton Offshore will use its vessels, Eclipse, Stealth and Mynx on the project. Eclipse, Stealth and Mynx are ideally suited for working on SPM projects, and provided Leighton a key edge in securing this work.
Leighton operates a very young fleet of state of the art vessels, all of which are fully compliant to latest Class and safety standards including International Special Purpose Shipping code, he added.
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