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Baker Hughes Gets $640 mln Deal for Zubair Field

Source: Reuters 12/20/2011, Location: Middle East

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Iraq awarded a three-year contract valued at $640 million to U.S. service oil company Baker Hughes to drill 60 wells in Iraq's southern Zubair oilfield, government spokesman Ali al-Dabbagh said. Italy's ENI, U.S.-based Occidental Petroleum Corp and South Korea's KOGAS signed a 20-year deal with Iraq to develop Zubair. They set an eventual output target of 1.2 million barrels per day.

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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