By John Lee.
Iraq’s cabinet has approved an $589 million oilfield service contract with South Korea’s Daewoo Engineering & Construction.
The contract, approved on Tuesday, is for the engineering, procurement and construction of a gas separation facility at the Zubair oilfield.
Production at the field is planned to increase from the current 320,000 barrels per day (bpd) to 850,000 bpd by 2017.
(Picture: Youngsik Park, CEO, Daewoo Engineering and Construction)