American company to drill four to six rigs at a $19bn redevelopment plan in Southern Iraq. American oil field service firm Halliburton has been assigned two contracts to work on Iraq’s Zubair Oil Field.
The energy giant’s contract with Eni Iraq BV will see it delivering integrated drilling services for the Southern Iraq field project.
As part of the agreement, Halliburton will mobilize four to six rigs onsite, with the target of drilling development wells over the next two years.
explanation on the contract, vice president of the Iraq area for Halliburton, Mahmoud El-Kady, said: “We are pleased to be assigned this work and the chance to collaborate with Eni to engineer solutions for the development of Zubair.
“We have provided a wide phalanx of drilling services to Eni since 2011 and signing these contracts is evidence of our continuous commitment to safety and better service quality.”
Zubair Oil Field is a master redevelopment project cost $19.4bn, situated in Iraq’s Basra governorate. the project comprises degassing stations, the drilling of 60 wells, wire-line logging, revamping current production facilities, and acidifying and well-testing work. The project’s developers comprise a joint venture (JV) of Missan Oil Company, Kogas, Occidental Oil & Gas International, and Eni Group.
Halliburton’s portfolio of work in Iraq comprises other projects in the country’s south, which is revealed in January 2017.
A Halliburton statement at the time announced that Shell Iraq Petroleum Development had dealt the American firm to mobilize three rigs to drill development wells over a two-year duration for Majnoon Oil Field.