While Iraq is still a difficult place to find work, companies continue to get business.
On Tuesday, Halliburton announced it had been awarded a contract by Eni to provide a range of integrated energy services to help redevelop the Zubair field in southern Iraq.
No details about the value – Halliburton just says work for the “multi-million dollar contract” is underway. It includes services such as perforating, acidising and testing on 20 wells.
Dave Lesar, Halliburton chief executive, explains in the news release why the company is interested:
“We are committed to providing Eni the critical services required to deliver on its goal of expanding production over the next several years. Halliburton has made a strategic investment in our Iraqi infrastructure, and the award of this contract, coupled with the recent letter of intent awarded by Shell and its partners, demonstrates that we have the technology and people in place to deliver in Iraq.”
Despite the global difficulties of developing oil and gas resources, companies are only too willing to do so – as long as they don’t feel cheated.
ExxonMobil’s recent withdrawal from efforts to get into Ghana’s Jubilee field demonstrates what happens when local governments are perceived by industry to interfere too much in the process. It is a lesson Iraq would be smart to remember as development of its industry unfolds.