Halliburton wins Basra Oil contract for southern Iraq field services

Shree Mishra

Tue, July 21, 2026 astatine 5:19 AM CDT 2 min read

Halliburton has secured a declaration from Basra Oil Company (BOC) to present integrated tract absorption services (IFMS) to make the Bin Umar and Sindbad lipid and state fields successful confederate Iraq.

The declaration covers tract improvement planning, accumulation optimisation, integer solutions, and engineering, procurement and operation absorption (EPCM) services.

As portion of the agreement, Halliburton volition instrumentality its Landmark portfolio to found a integer framework, connecting subsurface insights, good delivery, accumulation operations and concern planning.

According to the company, this integration aims to amended efficiency, summation visibility and alteration quicker decision-making wrong the tract operations.

Production astatine the Bin Umar tract could scope astir 150,000 barrels of lipid per time (bopd) and 300 cardinal modular cubic feet per time (mscf/d) of associated state during the archetypal 5 years of the improvement phase.

The programme is intended to summation lipid output and heighten the seizure and usage of associated state for home supply, supporting Iraq's nonsubjective of strengthening vigor information and reducing its dependence connected imported gas.

Halliburton Middle East North Africa vice-president Zaid Khadra said: "We are honoured by the spot Basra Oil Company has placed successful Halliburton to enactment the improvement of the Bin Umar and Sindbad fields.

"We volition enactment alongside BOC arsenic a method and task absorption supplier to integrate workflows, integer solutions and execution expertise to maximise plus value.

"We look guardant to collaboration with BOC to beforehand Iraq's production, infrastructure and associated state improvement objectives."

BOC volition proceed to clasp ownership, operational power and each cardinal decision-making powers related to the assets.

Halliburton intends to prosecute section endowment to assistance beforehand the Iraqi Ministry of Oil's objectives astir workforce grooming and expanding nationalist value.

Halliburton precocious secured multi-year lump sum turnkey contracts from Aramco for enactment crossed aggregate onshore fields successful Saudi Arabia.