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View Full Version : Iraq Approves $278m Halliburton Deal



Investors Iraq News
10-21-2014, 07:13 PM
By John Lee.
The Iraqi cabinet has approved a drilling deal with*Halliburton value at $278.5 million (324 billion Iraqi dinars).
Reuters reports that under the 30-month contract, Halliburton will drill 30 oil wells in the 8.7-billion-barrel West Qurna-I field, operated by U.S. major ExxonMobil.
Production at the field is currently running at around 360,000 bpd due to problems with low levels of water injection.
(Source: Reuters)


Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2014/10/21/iraq-approves-278m-halliburton-deal/)

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