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 […]
U.S. oil giant ExxonMobil said on Friday it was on track to reach its initial production target in Iraq's West Qurna I oilfield next year, according to reports from Reuters. "ExxonMobil is moving forward in accordance with the contract timeline and we are on track with our plans to reach the initial production target in […]
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 […]
ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) plan to more than double the number of new wells in Iraq's West Qurna Phase One in order to reach its projected production target, an Exxon executive said on Monday. According to Reuters, quoting ExxonMobil's Iraq Vice President, James Adams, Exxon aims to drill two to […]
Markets hate uncertainty, but history has shown us that times of uncertainty create the greatest opportunities. Warren Buffett's famous saying, “be fearful when others are greedy, and be greedy when others are fearful”, is true whether referring to the stock market or to risk-taking in general. And Iraq is giving us plenty of risk and […]
ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) have not been affected by a delay in the formation of Iraq's new government, and work on their West Qurna Phase One project is moving ahead, an Exxon executive said on Monday. Exxon expects to tender later this year to drill new wells in the supergiant […]
The contract, estimated at several billions of dollars, is to take place in oil fields in southern Iraq.
Exxon Mobil has been picked to lead a "multibillion-dollar" water-injection project on behalf of international oil companies that won contracts in southern Iraqi oilfields
(Source: Petroleumworld.com) Iraq Prepares New Gas Field Licensing, Cuts Oilfield Signatory Bonuses Retroactively Iraq's Oil Ministry has released plans to tender three gas fields—previously part of the first and second licensing rounds—to 15 invited companies and has named Shell, Total, and KOGAS as frontrunners, while also confirming that signatory bonuses for the renegotiated West Qurna-1 […]
