Smit Lamnalco wins export construction deal
Smit Lamnalco has secured the turnkey contract to support Single Point Mooring operations for The Iraq Crude Oil Export Expansion Project (ICOEEP). The scheme, 20 km off the Al Fao Peninsula, looks to triple oil exports from Iraq. The SPM contract covers operations and maintenance of four SPM systems and runs for up to three […]Smit Lamnalco announces in a press release:
Smit Lamnalco has secured the turnkey contract to support Single Point Mooring operations for The Iraq Crude Oil Export Expansion Project (ICOEEP). The scheme, 20 km off the Al Fao Peninsula, looks to triple oil exports from Iraq.
The SPM contract covers operations and maintenance of four SPM systems and runs for up to three years, a term that would generate over US $200 million for Smit Lamnalco. The agreement involves the full scope of maritime support services for the export facilities.
