SecurityWorldMarket

22/09/2015

G4S wins $187M contract for Iraq

Crawley, West Sussex (UK)

G4S Risk Management has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million.

BGC operates several assets including two gas plants, several compressor stations, a marine shipping terminal, an LPG storage terminal, and all the pipelines between. BGC captures and transports gas from oil fields of West Qurna 1, North Rumaila, South Rumaila and Zubair. This is the largest gas project in Iraq’s history and the world’s largest gas flares reduction project.

G4S Risk Management has also successfully renewed a contract to provide security services to the UK Foreign and Commonwealth Office (FCO) in Afghanistan for the next three years. Including a two-year extension option, this has a total contract value of £100 million. Under the contract, G4S will provide close protection for British diplomats, attached personnel and officials travelling within Afghanistan and security at the British Embassy.

Ashley Almanza, G4S Group Chief Executive said: “Our Risk Management and Risk Consulting businesses deliver high quality services to our customers and we are delighted to have been entrusted by both the FCO and BGC to provide these important services. These major contract wins reflect G4S’s world class expertise and investment in sophisticated security services.”


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