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On June 30 and December 11, 2009, the Iraqi Ministry of Oil awarded contracts to international oil companies for some of Iraq's many oil fields. The winning oil companies entered joint ventures with the Iraqi Ministry of Oil, and the terms of the awarded contracts include extraction of oil for a fixed gain of $1.40 per barrel for the oil companies with the remainder going to Iraq.
Halliburton Company is an American multinational corporation and the world's second-largest oil service company which is responsible for most of the world's fracking operations. [6] It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries.
Together, these contracts cover oil fields with proven reserves of over 60 billion barrels, or more than half of Iraq's current proven oil reserves. As a result of these contract awards, Iraq expects to boost production by 200,000 bbl/d by the end of 2010, and to increase production capacity by an additional 400,000 bbl/d by the end of 2011.
Nuverra Environmental Solutions, Inc. Contracts with Halliburton on H20 Forward SM Water Treatment & Recycle Initiative SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Nuverra Environmental Solutions, Inc. ...
Map of the pre-1984 Iraq-Jordan border. No precise boundary between the Iraq and Transjordan mandates was drawn at that time. [3] The location of the Eastern border between Transjordan and Iraq was considered strategic with respect to the proposed construction of what became the Kirkuk–Haifa oil pipeline. [7]
In 2004, the ABOT platform was refurbished and upgraded under contract W9126G-04-D-0002, an indefinite delivery, indefinite quantity (IDIQ), cost-plus award fee with an estimated not-to-exceed value of US$800 million. The contract was between the United States Army Corps of Engineers (USACE) of Fort Worth and Parsons Iraqi Joint Venture (PIJV ...
In November 2009, an ExxonMobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4 × 10 ^ 9 m 3) West Qurna Phase I. [1] As per Iraqi Oil Ministry estimates, the project required a $25 billion investment and another $25 billion in operating fees creating approximately 100,000 jobs in the underdeveloped southern region.
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems ...