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.

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