Gulf Oil and Gas accountACCOUNT

Antonoil Wins $140m Contract in Iraq

Source: www.gulfoilandgas.com 7/20/2015, Location: Middle East

Anton Oilfield Services Group has received a notification from an international oil company customer operating oilfield projects in south Iraq that the Ministry of Oil of Iraq has lately cleared the general contract awarded to Antonoil for the provision of oilfield workover and completion services. Internal approval procedures have been undergoing at this point in time for the finalization of the said contract by the parties concerned.

The contract, with an estimated value of USD140 million, covers workover and completion services for more than 160 wells and acidizing service for over 60 wells. The four workover rigs required for the operation will be supplied by the Group. According to the pre-set schedule, the project is expected to commence in the first half of 2016, with services offered spanning for a term of three years. As the Group had obtained from the customer a letter of commitment for the project last October and further initialed the contract in January this year, as soon as internal approval procedures are completed and formal signing of the contract concluded to make the contract effective in the final stage of project confirmation, the Group will kick off preliminary preparation for the project in the short run.

The winning of this project signifies Antonoil's continuous efforts to strengthen its cooperation with international customers in overseas markets. With Antonoil being increasingly recognized by renowned international oil companies for its operational and service capabilities as well as project management expertise in markets including Iraq, it is believed that the project's success would further lead to rapid growth of overseas business of the Group.

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

Oil Field Services News in Iraq >>

Saudi Arabia >>  1/16/2019 - McDermott International, Inc.has been awarded a sizeable* contract from Daelim Saudi Arabia Company Ltd. for engineering, procurement and construction...
Saudi Arabia >>  1/15/2019 - L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, in consortium with Subsea 7 has won yet another award for two projec...

Oman >>  1/14/2019 - Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA)...
Saudi Arabia >>  1/7/2019 - TechnipFMC (FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), has signed a Long-Term Offshore Agreement with Saudi Aramco...

Saudi Arabia >>  12/27/2018 - Lamprell has received a letter of intent ('LOI') from International Maritime Industries Company ('IMI'), the Saudi maritime joint venture in which Lam...
Saudi Arabia >>  12/27/2018 - In March 2018, Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two co...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

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