Weatherford International Plc has signed an 18-month contract with the Iraqi Drilling Co. (IDC) on July 13 to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
“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,” Basim M. Khudair, general director for IDC, said.
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.
“This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract,” Frederico Justus, president for international operations, Weatherford, said.
IDC is a leading Iraqi service company focusing on rig services and is a key player in the nationalization program for the country’s oil and gas sector.
In Greece, diplomats said the deal effectively nullified an accord between Turkey and the internationally recognized government of Libya.
Turkey will issue gas exploration and drilling licenses in the eastern Mediterranean this month, its foreign minister said Aug. 11, further raising tensions with Greece, which said it would seek an emergency EU meeting to address the issue.
The last time seismic surveys were completed in the Atlantic was in the 1980s.