Weatherford International Plc has been awarded two fully integrated rig contracts and one well services (through-tubing intervention) contract on Oct. 8 with a multinational operator in one of the world’s largest proven oil fields located in Iraq.
“Weatherford has operated in Iraq since 2006, longer than any other multinational oilfield services provider,” Frederico Justus, president of the Eastern Hemisphere for Weatherford, said. “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.”
For the next two years, Weatherford will provide integrated services to drill development wells in one of Iraq’s most productive oil fields. For the next five years, Weatherford will provide in-country support and specialized well services, including workshop services, fishing, milling, water shutoff and zonal isolation.
LLOG Exploration Offshore has signed a subsea tree order with TechnipFMC on Oct. 15 for its Shenandoah project in deepwater of the Gulf of Mexico (GOM).
Brazilian state-run oil firm Petrobras has signed letters of intent with Japan’s Modec Inc. and Malaysia’s Yinson Holdings Bhd for charter contracts for FPSOs, the company said Oct. 15.
While few parts of the Arctic are seeing an uptick in exploration activity, most countries are making slow progress.