Oil field service provider Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at the Majnoon Oil Field, Southern Iraq.
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Under the contract, Halliburton will be deploy three rigs to drill development wells and conduct the work over the next two years.
Halliburton senior vice president of the Middle East and North Africa region Ahmed Kenawi said: “We are pleased to be awarded this work and the opportunity to collaborate with Shell to engineer solutions for the development of Majnoon.
“We have provided drilling services on this project for the past six years and signing this contract is a testimony to the safe and high-quality service we previously delivered.”
In Iraq, Halliburton provides technical and engineering solutions that maximise the asset value of the projects located within the country.
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By GlobalDataThe company claimed that it focuses on the health and safety of its operations by emphasising on service quality, efficiency and building a national workforce.
Established in 1919, Halliburton operates in nearly 70 countries and has around 50,000 employees.
The Majnoon Oil field is located in Basrah, Southern Iraq. Shell owns 45% interest of the site along with the operatorship.
The remaining ownership lies with Petronas (30%) and Iraq’s Missan Oil Company (25%).
In 2014, the oil field successfully exported its first shipment of crude oil. The field now produces an average of 210,000 barrels of oil per day.
Image: Halliburton’s Houston office. Photo: courtesy of WhisperToMe/Wikipedia.
