HOUSTON and DUBAI, United Arab Emirates - Houston-based oilfield services company Halliburton (NYSE:HAL) has been awarded a contract by Italy's Eni to provide a range of integrated energy services toward the redevelopment of the Zubair field in southern Iraq.
In January 2010, Eni, Occidental Petroleum Corp., and Korea Gas Corp. signed a technical service contract with Iraq's state-owned South Oil Co. (SOC) and Missan Oil Co. as State Partner, to redevelop the Zubair field, one of the largest discovered fields in the world, located near Basra in southern Iraq.
Work for the multi-million dollar contract is underway. Halliburton will perform services such as wire-line logging, perforating, acidizing and well testing on 20 wells.
"We are committed to providing Eni the critical services required to deliver on its goal of expanding production over the next several years," said Dave Lesar, Halliburton's chairman, president, and CEO. "Halliburton has made a strategic investment in our Iraqi infrastructure and the award of this contract, coupled with the recent letter of intent awarded by Shell and its partners, demonstrates that we have the technology and people in place to deliver in Iraq."
Source: Halliburton