Home
Posted on 21 December 2011. Tags: Baker Hughes, Zubair
Baker Hughes Wins $640m Iraqi Drilling Deal
Baker Hughes (BHI) has secured a $640 million contract to drill 60 wells at Iraq’s southern Zubair oil field, according to a report from Dow Jones.
Iraqi government spokesman Ali Al Dabbagh reportedly said on Tuesday that the Iraqi government and the consortium led by Italy’s Eni had awarded the contract to an unnamed U.S. company, but sources close to the deal revealed it to be Baker Hughes.
Drilling would be completed in three years on turn-key basis, Dabbagh said.
[You must be registered and logged in to see this link.]
Baker Hughes Wins $640m Iraqi Drilling Deal
Baker Hughes (BHI) has secured a $640 million contract to drill 60 wells at Iraq’s southern Zubair oil field, according to a report from Dow Jones.
Iraqi government spokesman Ali Al Dabbagh reportedly said on Tuesday that the Iraqi government and the consortium led by Italy’s Eni had awarded the contract to an unnamed U.S. company, but sources close to the deal revealed it to be Baker Hughes.
Drilling would be completed in three years on turn-key basis, Dabbagh said.
[You must be registered and logged in to see this link.]
