Iraq awarded a $640 million deal to US oil service company Baker Hughes to drill 60 wells in the southern Zubair oilfield, a government spokesman said on Tuesday.
The Iraqi cabinet approved the Oil Ministry's request to award the three-yea
Pumping at one oil storage tank in Iraq's southern oilfields was halted after an attack ignited a fire there, sources said on Sunday.
Firefighters were working to control the blaze after the tank near the country's Zubair oilfield
Iraq's Zubair oil field will reach its peak output target of 1.2 million barrels per day (bpd) in six years and keep it for another seven years, said Italian oil and gas group Eni, the project's lead contractor.
US-based Halliburton, the global oil services company, has been awarded a contract by Eni to provide a range of integrated energy services toward the redevelopment of the Zubair field in southern Iraq.
Work for the multi-million dollar con
Italy's ENI hopes to reach output of at least 250,000 barrels per day from Iraq's Zubair oilfield, an ENI executive said on Tuesday.
'We hope to reach at least 200,000 to 250,000 barrels per day,' Gino Giannone, an ENI exec
Iraq has signed a final contract with a group led by Italian oil major Eni to develop the 4-billion-barrel Zubair oilfield, one of a series of deals Iraq hopes will propel it to major producer status.
Eni and its partners, US-based Occiden
Italy's ENI nudged up its production target for Iraq's giant Zubair oilfield after the Oil Ministry agreed to add more reserves to the area covered by the contract, an Iraqi official said on Saturday.
ENI raised the output target for the f
Deals to develop Iraq's Zubair and West Qurna oilfields may not be on the agenda at the next meeting of the cabinet as there are still legal and technical issues to resolve, a government spokesman has said.
Cabinet approval of a contra
Iraqi Oil Minister Hussain Al-Shahristani said on Monday he expected Italian oil major Eni and its partners to invest $35 billion in the 4-billion-barrel Zubair oilfield over six years.
Al-Shahristani's comments came after the Oil Ministry
Italian oil and gas group Eni SpA sees its Zubair oil project in Iraq requiring investments of about $10 billion, its chief executive said in an interview with the Financial Times published on Wednesday.
A consortium of Eni, South Korea