Tag Archives | Weatherford

Weatherford Completes Well #25 at Bazargan

The Missan Oil Company has completed the Bazargan [Bazirgan] oil well #25, which is reported by AIN to have a capacity of 170, 000 barrel per day. Ali Maarij, the Director General of the company said: “The US company Weatherford  recently finished digging Bazargan well within Bazargan field … The well entered the service with […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Iraq OKs Weatherford $843m Zubair Power Contract

On Tuesday, Iraq’s Cabinet approved an $843 million service contract granted to Weatherford International to install six power stations at the Zubair oil field. Government spokesman and Minister of State Ali Al-Dabbagh told Bloomberg the plants will take 18 months to install. Italian company Eni controls almost 33 percent of the Zubair project, with Iraq’s […]

Weatherford Completes 3 Wells in Bazirgan

The Director General of the Missan Oil Company has announced that Weatherford has finished the drilling of three oil wells in Bazirgan oilfield. The wells, (Bazirgan 30, 31, and 32) are part of a contract to drill 10 production wells and 10 reserve support wells. Weatherford has already completed the drilling of Bazirgan 24, 25, […]

CNOOC Presents Plan for Missan Oilfields

The China National Offshore Oil Corporation (CNOOC) has presented its plan to develop three Maysan oil fields: Bazirgan, Fakka, Abu Gharb. As part of the plan, Weatherford will drill 180 oil wells. And after finishing the review there was a discussion about the plan, and the engineering staff in MOC shared their notes and questions about some […]

Weatherford Wins $200m Project at Garraf Oil Field

Weatherford International has won a deal to build early production facilities at Iraq’s untapped Garraf oil field in southern Iraq, a former Iraqi oil ministry official said Wednesday, according to a report from Dow Jones. Adnan Galay, who retired as chairman of the field’s joint management committee a few weeks ago, declined to give the […]

WesternZagros’s Reports 1,900m Oil and Gas in Kurdamir-1

WesternZagros Resources has announced encouraging results from a recently-completed study of the drill cuttings from its Kurdamir-1 well (pictured) utilizing advanced technology. The study, by Weatherford Laboratories in Houston, confirmed the potential of a gross oil and gas interval over 1,900 metres thick in the Kurdamir-1 well. These results significantly increase the Company’s confidence of […]

Weatherford Completes 20 Wells; 70 More Under Construction

American oil-services company Weatherford International announced on Monday that it has completed the drilling of 20 oil wells in southern Iraq, at oilfields including Rumaila and Bazergan. Work is continuing at another 70 wells. The company’s Director, Ramzi al-Harithy, told Aswat al-Iraq news agency during the recent Oil & Gas Exhibition in Basra that his […]

Schlumberger ‘Wins Contract’ for Iraq’s W.Qurna

Reuters, citing “industry sources familiar with the matter”, reports that U.S. oil major ExxonMobil and its partners have awarded a contract to oil services firm Schlumberger to drill 10 wells in Iraq’s West Qurna 1 oilfield. The contract award was finalised a few days ago but a final contract is yet to be signed by […]

Gulf Keystone Shares Rally on Kurdistan Update

Shares in Gulf Keystone Petroleum (LSE: GKP) jumped 6.5% on Monday morning following an update on theie current exploration and testing activities in the Kurdistan region of Iraq: Shaikan-3 The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth.  Oil shows have been observed both while drilling and also in a […]

Weatherford CEO Sees More Oil Services Mergers

Reuters reports that the Chief Executive of Weathford International, one of the largest suppliers of goods and services to oil companies, said the oil services industry needed more consolidation. Weatherford is currently operating in Iraq’s al-Bazerkan oilfield in Amara. “We need to get larger,” said Bernard Duroc-Danner, citing the fact that oil services companies face […]