Weatherford bags rig and well services contracts for Iraqi oil field

Weatherford International has bagged two fully integrated rig contracts and one well services (through-tubing intervention) contract with an undisclosed multinational operator in an Iraqi oil field, which is considered to be among the largest proven oil fields in the world.

The financial aspects of the contract were not disclosed by the US-based oilfield services company.

Weatherford for the coming two years will deliver integrated services for the drilling of development wells in the Iraqi oil field. For the next five years, the oilfield services company will give in-country support and specialized well services such as workshop services, milling, fishing, water shutoff, and zonal isolation.

Weatherford wins rig and well services contracts for Iraqi oil field. Image courtesy of Stuart Miles at FreeDigitalPhotos.net.

Frederico Justus – President of Weatherford Eastern Hemisphere said: “Weatherford has operated in Iraq since 2006, longer than any other multinational oilfield services provider.

“During that time, Weatherford proved to operators in Iraq that its capabilities across the life of the well reduce costs, enhance safety and maximize production efficiency. This experience gave the operator confidence in our ability to execute these turnkey drilling projects in one of their most strategic global locations.”

Earlier this month, the oilfield services company said that it bagged its largest-ever contract for deep-set safety valves, which was from Petróleo Brasileiro (Petrobras). Under the contract, Weatherford will supply its 24 Optimax deep-set safety valves to the Brazilian national oil company in the next four years.