Halliburton (NYSE: HAL) has been awarded a contract by ExxonMobil (NYSE:XOM) to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq.
Halliburton will provide a complete range of well construction services utilizing three drilling rigs to safely deliver the wells for the West Qurna redevelopment.
Joe Rainey, president of Halliburton's Eastern Hemisphere operations, said: "This contract award is a testament to the ongoing success of our Eastern Hemisphere growth strategy and is in addition to work awarded in this field by this customer in 2010."
A super-giant oil field, West Qurna is being redeveloped in two phases to increase production. ExxonMobil and its partners on the project have already increased production by 10 percent to 285,000 barrels of oil a day.
Halliburton has been active in the Middle East since 1946. Currently, Halliburton has more than 4,000 employees in the Middle East.