Schlumberger wins contract in Iraq's W.Qurna
Baghdad, May 9, 2011
US oil major ExxonMobil and its partners have awarded a contract to oil services firm Schlumberger to drill 15 new wells in Iraq's West Qurna Phase One oilfield, an industry source familiar with the matter said.
The contract award was finalised days ago but a final contract is yet to be signed with Schlumberger, the source told Reuters.
The new wells are part of the Exxon-led consortium's plan to rehabilitate West Qurna, for which it signed a 20-year development contract with Iraq last year.
Current output at West Qurna Phase One stands at around 340,000 barrels per day, the source said.
In March, Exxon said production from West Qurna rose to 285,000 barrels per day, above the 10 per cent target set under technical services contract.
Exxon and Royal Dutch Shell were awarded the deal to develop the 8.7-billion-barrel West Qurna Phase One field in an auction held by Iraq in 2009 for oilfield development contracts.
Last year, Schlumberger was awarded a contract to drill 10 wells in West Qurna.-Reuters
More Energy, Oil & Gas Stories
- Dewa ups 2014 budget by $1.8bn from 2013
- Egypt govt pens energy debt payoff deal
- Qatar ready to invest in Turkey power project
- Asia gasoline margins set to plunge in 2014
- Egypt signs oil exploration deals with foreign firms
- Eaton appoints new Mideast GM
- Sustainable energy ‘should be top priority’
- Bapco achieves safety milestone
- Iran, Iraq put Opec on notice of big oil increases
- Iraq, Kurds close to deal on oil exports, revenue