Iraq: Halliburton contract


Issue 980 - 30 Oct 2014 | 1 minute read

The cabinet approved a $278.6m deal with US oil services company Halliburton on 21 October, which will see the company drill 30 oil wells in the West Qurna 1 oilfield, the government said in a statement. The field, where production is running at 360,000 b/d (well below the planned 400,000 b/d due to problems with low levels of water injection), is operated by US major ExxonMobil. Halliburton’s contract spans a 30-month period. The company has previously won contracts for West Qurna-1 in 2010-11.

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