A leading Russian oilfield services group, ERIELL, has just signed a contract with Lukoil Middle East to drill 25 production wells at the West Qurna-2 oilfield, reported Trade Arabia.
As stipulated in the contract, the project must be implementation within two years, with a mobilization period of 120 days. ERIELL plans to begin operations early next year.
“Company’s entry to the Iraq market marks the beginning of development of the Middle East region, which we deem extremely promising in terms of implementation of the ERIELL strategy of the contract portfolio geographical diversification”, Vitaly Dokunikhin, executive director of ERIELL Group, was quoted as saying by Oil and Gas Eurasia.
Operations at West Qurna-2 “will allow us to gain experience required for further strengthening of the Company’s positions in other countries of the region”, he added.