Weatherford signs Iraq oil services contract

16 July 2020
Project management and associated services will be provided to Iraq Drilling Company

US-based Weatherford International has signed an 18-month contract with Iraq Drilling Company (IDC) to provide services and project management for the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.

Under the terms of the deal, IDC will provide rigs, civil works and drilling services.

Weatherford will provide project management and all other associated services.

The operation will be performed with four rigs provided by IDC, according to a statement released by Weatherford.

Weatherford did not provide information about the value of the contract signed.

Basim Khudair, general director of IDC, said: “Signing this contract between IDC and Weatherford is a great accomplishment for both parties. It sets the right ground for our mutual and constructive joint cooperation in the future.”

Frederico Justus, president of international operations at Weatherford, said: “This joint operation with IDC is an honour for Weatherford.

“Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract.”

Weatherford has operated in Iraq since 2006 and won several sigificant contracts in the country last year.

In October 2019, the company announced that it had been awarded two integrated rig contracts and a well services contract in Iraq.

Weatherford operates in more than 80 countries worldwide and employs more than 24,000 people.

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