Targeting 150,000 barrels per day, Iraq signs a contract with Halliburton to manage the Bin Omar and Sindbad oil fields.
Targeting 150,000 barrels per day, Iraq signs a contract with Halliburton to manage the Bin Omar and Sindbad oil fields.
2026-07-05
Shafaq News – Basra
The Iraqi Ministry of Oil announced on Sunday the signing of an integrated management contract for the Bin Omar and Sindbad oil fields in Basra Governorate between the Basra Oil Company and the American company Halliburton, as part of the government’s plans to develop the energy sector.
Oil Minister Bassem Mohammed Khudair Al-Abadi, during his sponsorship of the signing ceremony, said that this five-year contract comes in implementation of the ministry’s strategy aimed at increasing production capacities of oil and associated gas in cooperation with reputable international companies.
The minister explained that the target during the contract period is to raise crude oil production rates in the “Ben Omar” field to reach 150,000 barrels per day, in addition to investing 300 million standard cubic feet (MMcf) per day of associated gas.
Al-Abadi added that production rates in the “Sindbad” field will also witness development to reach between 80,000 and 100,000 barrels per day, with an increase in the capacity of associated gas invested from 240 to 260 million standard cubic feet per day, stressing that these projects will provide great flexibility to equip the country’s electricity production stations.
The Minister of Oil affirmed that the Ministry is committed to strengthening its partnerships with major international companies, particularly American ones, and overcoming all obstacles to achieve development goals, praising the long experience of Halliburton, which has been operating in Iraq since 2003.
shafaq.com
