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FinanceHalliburton wins Basra Oil Company contract for southern Iraq field services
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Halliburton has secured a contract from Basra Oil Company (BOC) to provide integrated field management services (IFMS) for the Bin Umar and Sindbad oil and gas fields in southern Iraq. The agreement includes field development planning, production optimization, digital solutions, and engineering, procurement, and construction management (EPCM) services. Halliburton will deploy its Landmark portfolio to create a digital framework linking subsurface data, well delivery, production operations, and business planning. Production at Bin Umar could reach 150,000 barrels of oil per day and 300 million standard cubic feet per day of associated gas within the first five years. The project aims to boost oil output and capture associated gas for domestic use, supporting Iraq's energy security goals and reducing reliance on imported gas. BOC retains ownership and operational control, while Halliburton will engage local talent to support workforce training and national value objectives.
Source report
Author: Shree Mishra Source: Offshore Technology Reading time: 2 min
Halliburton has secured a contract from Basra Oil Company (BOC) to deliver integrated field management services (IFMS) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.
Scope of the Contract
The agreement covers:
- Field development planning
- Production optimisation
- Digital solutions
- Engineering, procurement, and construction management (EPCM) services
As part of the contract, Halliburton will deploy its Landmark portfolio to establish a digital framework that connects subsurface insights, well delivery, production operations, and business planning. According to the company, this integration aims to improve efficiency, increase visibility, and enable faster decision-making within field operations.
Production Targets
During the first five years of the development phase, production at the Bin Umar field is projected to reach approximately:
- 150,000 barrels of oil per day (bopd)
- 300 million standard cubic feet per day (mscf/d) of associated gas
The programme is designed to increase oil output and enhance the capture and utilisation of associated gas for domestic supply, supporting Iraq's goal of strengthening energy security and reducing reliance on imported gas.
Executive Comment
Zaid Khadra, Halliburton Vice President for the Middle East and North Africa, stated:
"We are honoured by the trust Basra Oil Company has placed in Halliburton to support the development of the Bin Umar and Sindbad fields. We will work alongside BOC as a technical and project management provider to integrate workflows, digital solutions and execution expertise to maximise asset value. We look forward to collaboration with BOC to advance Iraq's production, infrastructure and associated gas development objectives."
Ownership and Local Engagement
BOC will retain full ownership, operational control, and all key decision-making powers related to the assets. Halliburton plans to engage local talent to support the Iraqi Ministry of Oil's objectives regarding workforce training and increasing national value.
Recent Developments
Halliburton recently secured multi-year lump sum turnkey contracts from Aramco for work across multiple onshore fields in Saudi Arabia.
This article was originally created and published by Offshore Technology, a GlobalData owned brand.
Source
Yahoo FinanceWestern
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Halliburton wins Basra Oil contract for southern Iraq field services