US-based oil services company Halliburton has today announced it has signed two contracts with Eni Iraq BV to provide integrated drilling services at Eni’s Zubair oilfield in Southern Iraq.

Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years.

Mahmoud El-Kady, vice president of the Iraq Area for Halliburton, said:

“We are pleased to be awarded this work and the opportunity to collaborate with Eni to engineer solutions for the development of Zubair.

“We have provided a wide array of drilling services to Eni since 2011 and signing these contracts are a testimony to our continuous commitment to safety and superior service quality.

(Source: Halliburton)

By John Lee.

According to a report from Reuters, Anglo-Dutch Shell has signed a $210-million contract with US-based Halliburton to drill 30 wells at the Majnoon field over the next three years.

The contract is expected to raise output at the field from 220,000 barrels per day currently to about 400,000 bpd in three years.

(Source: Reuters)

By John Lee.

The UK’s Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal.

A statement from the SFO called for information relating to the allegations:

The SFO is conducting a criminal investigation into the activities of Unaoil, its officers, its employees and its agents in connection with suspected offences of bribery, corruption and money laundering.  

“We have been approached by a number of sources who may have information relevant to this investigation.  If you have any information please contact us through our secure and confidential reporting channel.”

According to The Guardian, Rolls-Royce, Petrofac and Halliburton are among the dozens of multinationals reported to have hired Unaoil, which acts as an agent to help companies secure business in unfamiliar overseas markets.

(Sources: The Guardian, SFO)

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)