Halliburton Wins Exxon Contract in Iraq

Halliburton (NYSE: HAL) has been awarded a wellwork integrated services contract by ExxonMobil Iraq Ltd. for refurbishment of wells in the West Qurna (Phase 1) field in southern Iraq.

Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted workovers. Other services provided by Halliburton include provision of a workover rig, coiled tubing, slickline services, logging, production enhancement and well testing.

“We believe Halliburton’s strong presence in Iraq, coupled with our technical leadership, was a factor in securing this contract from ExxonMobil Iraq Limited,” said Dave Lesar, Halliburton’s Chairman, President and CEO (pictured).

“We’re pleased to see our investment and commitment to provide services within Iraq being recognized by companies such as ExxonMobil and its West Qurna (Phase 1) project co-venturers.”

Exxon plans to drill more than 1,000 new wells at West Qurna 1.

Halliburton is scheduled to release its third-quarter earnings on Monday, the first major oil services to report. ExxonMobil releases its third quarter results on Oct. 28.

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