Iraq Awards $348m in Drilling Deals

By John Lee.

Iraq has awarded oil drilling deals with a combined value of $348 million.

Associated Press reports that Weatherford picked up two drilling contracts, one for nearly $95 million and another for $82.4 million.

Another contract worth $96.7 million went to China's Bohai, while COSL, a division of the China National Offshore Oil Corporation (CNOOC), won a contract for $73.8 million.

The deals relate to work at oil fields in Maysan province that are being developed by China's state-owned CNOOC.

(Source: Associated Press)

(Picture: a Weatherford rig at Bazirgan oilfield in Maysan)