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Iraq W Qurna 1 Output Seen At 0.400 Million B/D By End '11 -Official

By Hassan Hafidh Of DOW JONES NEWSWIRES WEST QURNA, Basra, Iraq -(Dow Jones)- Iraq's super-giant West Qurna Phase One is producing 310,000 barrels of crude a day and output will rise to 400,000 barrels a day by the end of 2011, head of the field operating division said Wednesday. Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) won the right to develop the 8.7-billion-barrel West Qurna Phase One in a 2009 auction for oil field development contracts. Madhi al-Maliki also said Exxon Mobil has recently awarded Fluor Corp. (FLR) a contract worth up to $250 million to carry out early works for the West Qurna Phase One field. The engineeringp Procurement and construction contract is reimbursable and is a continuing services agreement for oil field-related infrastructure development with an expected duration of three years, he said. Exxon Mobil said Monday that it and joint venture partners have boosted oil output to 285,000 barrels a day but al-Maliki said the field is actually producing 310,000 barrels a day now. -By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com

Stock News for Fluor (FLR)
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05/05/201117:17:21Fluor 1Q Net Up 2.3% On Industrial, Infrastructure Strength
03/31/201100:27:26Iraq W Qurna 1 Output Seen At 0.400 Million B/D By End 2011 -Official
03/30/201112:22:03Iraq W Qurna 1 Output Seen At 0.400 Million B/D By End '11 -Official
02/23/201110:13:50Fluor 4Q Profit Falls 21% On Cost Increases, Reduced Activity
01/18/201108:05:00Fluor Gets $3.5 Billion Contract For Work On Liquefied Gas Project

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