Iraqi Cabinet Approves Tender for Drilling 96 Wells

Iraqi Cabinet Approves Tender for Drilling 96 Wells

The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra, a statement issued by the General Secretariat of the Cabinet announced.

The recommendation stated the transfer of the WQ 0991 tender contract to drill (96) wells in a turnkey manner in favor of Basra oil Company and ExxonMobil under the custody of Schlumberger, at a total cost of $480.5 million which is less by 14.4% than the estimated cost of $561.6 million.

 

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