Anton Oilfield Services Group (Antonoil), a top oilfield services provider in China, has won a $140 million contract for oilfield workover and completion service in southern Iraq.

The contract covers workover and completion services for more than 160 wells and acidizing service for over 60 wells.

Internal approval procedures have been undergoing for the finalization of the said contract by the parties concerned, a statement said.

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 initialled 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, according to the statement. – TradeArabia News Service