By John Lee.
According to press reports, Iraq's South Oil Company (SOC) has awarded CH2M Hill a $170 million consultancy contract for the water injection project in the country's southern oil fields, replacing ExxonMobil.
Al Bawaba quotes SOC Director General, Dhia Jaafar, as saying:
"The South Oil Company has selected CH2M Hill to offer consultancy for the management of the seawater injection project ... The South Oil Company will be the leader of the project. We will send the contract to the oil ministry to approve it."
Bloomberg reports that the head of the process department at the State Company for Oil Projects (SCOP), Zahra al-Hammadi, said talks with Exxon didn’t lead to an agreement.
But when contacted by Iraq Business News on Friday evening, a spokesman for CH2M Hill said the company was still in discussions.
(Picture: CH2M Oil Pipeline operations in US)