Halliburton has been awarded a contract by Basra Oil Company (BOC) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.
The contract scope includes field development planning, production optimisation, digital solutions and engineering, procurement and construction management (EPCM) services for the two fields.
“We are honoured by the trust Basra Oil Company has placed in Halliburton to support the development of the Bin Umar and Sindbad fields,” said Zaid Khadra, Vice President, Middle East North Africa, Halliburton.
“We will work alongside BOC as a technical and project management provider to integrate workflows, digital solutions, and execution expertise to maximise asset value.”
Halliburton said in a statement that it will deploy its Landmark portfolio to build a digital foundation that connects subsurface insights, well delivery, production operations and business planning.
The company digitally integrates planning and execution to improve visibility, increase efficiency and support faster, higher-quality decisions.
The Bin Umar and Sindbad development programme is designed to increase oil production and expand the capture and use of associated gas for domestic supply.BOC estimates oil production could reach approximately 150,000 barrels per day and 300 million standard cubic feet of associated gas from Bin Umar field during the first five-year development phase.
The project supports Iraq’s efforts to strengthen energy security and reduce reliance on gas imports.
The Halliburton award also supports the Iraqi governments strategy to strengthen BOC with technical capabilities, project execution expertise and an integrated delivery model to advance development of Iraq’s national energy assets.
BOC will retain ownership, operatorship and decision-making authority over the assets, while Halliburton will execute the project in coordination with BOC.
Halliburton also plans to work with local resources to support Ministry of Oil initiatives on workforce development and national value creation.
“We look forward to collaboration with BOC to advance Iraq’s production, infrastructure and associated gas development objectives,” added Khadra.
