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(Arabian oil and gas) -- Baker
Hughes will drill 60 wells in three years, according to a government
source. Baker Hughes has been awarded a three-year contract valued at
USD640 million to drill 60 wells in Iraq's 4 billion barrel Zubair oilfield,
Iraqi government spokesman Ali al-Dabbagh said today, according to a Reuters
report. Baker Hughes already manages and operates drilling and workover rigs at
Zubair.
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Eni, Occidental and KOGAS have the USD20 billion, 20-year technical services
contract to develop production at Zubair, which is slated to produce 1.2 million
barrels per day. The corsortium will receive USD2 for every barrel lifted once
production targets are met. Eni operates the Zubair field under the contract,
which was signed in 2010. |
