HOME | CONTACT US
 
 
Mr. Tarek El Barkatawy is the new EGPC Chairman - Dana Gas Reports Strong Profit Growth for Q1 2013 - Frustrated with diplomacy, some in Congress seek total ban on Iran’s oil - OPEC oil output rises from lowest in over a year - Obama Seen Expanding Natural Gas Exports on Production Records - Apache announces three new oil and gas discoveries in Western Desert, extends production base across vast concession areas - Dana Petroleum appoints new Managing Director in Egypt - UAE targets up to 25% of energy from nuclear by 2021 - Oil minister - SAIPEM: New E&C Offshore contracts worth $500 million in Latin America - Russia says Egypt asks for help with gas supplies to Europe -
LOG IN
Middle East News
Friday, June 22, 2012
Print
Email
Weatherford Wins $843M Iraq Zubair Field Contract


Weatherford

U.S. giant oil services company Weatherford International Ltd. won a $843 million crucial oil field facilities contract from Eni SpA-led group that will boost oil production from Iraq's Zubair oil field by some 300,000 barrels a day, a government spokesman said.

"Weatherford would build six initial production facilities each with 50,000 barrels a day capacity," Ali Al Dabbagh told Dow Jones Newswires on the sideline of an Iraqi energy conference held by CWC Group in London.

Three giant drilling firms Schlumberger AG, Weatherford and UnaRos, a joint venture of Italy's Rosetti Marino and privately held Unaoil, competed for the building the facilities in Zubair located in Basra in southern Iraq.

The initial production facilities, or IPF, will enable the Eni-led consortium to dramatically expand output from Zubair to 554,000 barrels a day from current 254,000 barrels a day after about two years from THE start of work.

Source: Dow Jones & Rigzone

Latest Middle East News
Frustrated with diplomacy, some in Congress seek total ban on Iran’s oil
UAE targets up to 25% of energy from nuclear by 2021 - Oil minister
Saudi Arabia to Drill for Shale Gas This Year
Adnoc Selects Shell to Operate Bab Gas Field
Iran says gas export revenues to double