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Three Oilfield Services Companies to Leave Kurdistan

By John Lee.

The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan.

It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional.

The ministry adds that the companies are now in the process of winding up and terminating their existing tenders and contracts in the Kurdistan Region of Iraq.

(Source: Ministry of Oil)

The post Three Oilfield Services Companies to Leave Kurdistan first appeared on Iraq Business News.

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Rocket Attack Targets Halliburton in Basra

By John Lee.

At least three rockets are reported to have hit near Halliburton‘s site in the Burjesia area of Basra early on Monday morning.

It is understood that the incident caused no casualties or damage.

It is the first attack to target US energy interests in Iraq in recent months.

(Sources: S&P Global Platts, AP, Sputnik)

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Halliburton Wins New Drilling Contract in Iraq

US-based oil services company Halliburton has today announced it has signed two contracts with Eni Iraq BV to provide integrated drilling services at Eni’s Zubair oilfield in Southern Iraq.

Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years.

Mahmoud El-Kady, vice president of the Iraq Area for Halliburton, said:

“We are pleased to be awarded this work and the opportunity to collaborate with Eni to engineer solutions for the development of Zubair.

“We have provided a wide array of drilling services to Eni since 2011 and signing these contracts are a testimony to our continuous commitment to safety and superior service quality.”

(Source: Halliburton)