Weatherford, Chinese firms win Iraq oilfield contracts

Associated Press

Associated Press reports that Iraq has awarded $348 million in oil drilling contracts to two Chinese firms and Swiss-based oilfield services company Weatherford. The deals involve work in oil fields located in the southern Maysan province that are being developed by China's state-owned CNOOC.

Weatherford reportedly won two drilling contracts, one for nearly $95 million and another for $82.4 million. Another contract worth $96.7 million went to China's Bohai, while CNOOC division COSL won another contract for $73.8 million.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...