Iraq Approves $278 Mln Oil Deal With Halliburton

Source: Reuters 10/21/2014, Location: Middle East

Iraq's cabinet approved on Monday a $278.5 million drilling deal with U.S. oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement.

Under the 30-month contract, Halliburton is to drill 30 oil wells in the 8.7-billion-barrel West Qurna Phase One field, operated by U.S. major ExxonMobil, the statement said.

Oil production at the West Qurna-1 field is running at a rate of 360,000 barrels per day due to problems with low levels of water injection, which is needed to boost production, officials said.

Iraq has awarded lucrative oilfield development contracts to majors such as Royal Dutch Shell, BP and Exxon Mobil with the ambitious target of expanding its oil production capacity to 8.5-9 million bpd by 2017.

Increasing export capacity is a cornerstone of Iraq's ambitious plans to revive its oil industry after years of war, economic sanctions and neglect. Iraq wants to jump into the top ranks of global oil producers and exporters.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


Norway >>  8/12/2022 - Aker BP ASA, operator of production licence 941, has concluded the drilling of wildcat well 6507/3-15.

The well was drilled about 14 km nor...

Norway >>  8/9/2022 - The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in block 6507/8 in the Norwegian Sea.

Operator: E...


Guyana >>  8/5/2022 - The drilling of the Beebei-Potaro exploratory well, located in the Kanuku licence, off the coast of Guyana, has been finished, according to Tullow Oil...
Australia >>  8/4/2022 - - 21 stages were stimulated, which is the greatest number of stimulation stages in a single well in the Beetaloo to date
- Delivered 927m of st...


Romania >>  8/4/2022 - Serinus Energy plc ("Serinus") (SEN), is pleased to announce that the drilling of the Canar-1 exploration well in Romania commenced.

...

Norway >>  8/3/2022 - The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for well 6507/8-11 S in production licence PL 124.

Related Categories: 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 

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 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.