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Halliburton Gets $95 Million Gazprom Neft Contract In Iraq

AMMAN -(Dow Jones)- U.S.-based energy services giant Halliburton Co (HAL) has won a $95 million contract from Russian state oil producer OAO Gazprom Neft (SIBN.RS) to test and complete 11 wells at the untapped Badra oil field in eastern Iraq, the firm said in a statement Thursday. Gazprom Neft, which is a majority-owned by gas giant OAO Gazprom (GAZP.RS), said testing of the first well, is scheduled to start in the third quarter of this year. "Production will commence once the final field development plan is completed in 2013," the Russian firm said. The Gazprom consortium, which includes South Korea's Gas Corp. (036460.SE), or Kogas, Turkish Petroleum Corp., or TPAO, and Malaysia's Petronas, plans to start production from the field in 2013 and reach 170,000 barrels a day by 2017 according to a development plan agreed with the Iraqi government. Badra's reserves are estimated at about 3 billion barrels of oil. Gazprom, which owns the largest stake in the consortium at 40%, signed a contract with Baghdad to develop the field in January 2009. -By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com

Stock News for Halliburton (HAL)
DateTimeHeadline
05/25/201613:09:18Current Report Filing (8-k)
05/24/201610:56:43Specialized Disclosure Report (sd)
05/24/201610:12:21Statement of Changes in Beneficial Ownership (4)
05/23/201621:50:00PDVSA Offers Debt Exchange to Service Providers
05/20/201616:15:37Current Report Filing (8-k)
05/20/201610:44:36Statement of Changes in Beneficial Ownership (4)
05/19/201618:35:00Halliburton Annual Meeting of Stockholders and Dividend Declaration
05/19/201618:30:00Halliburton 2016 Second Quarter Conference Call
05/13/201613:19:34Statement of Changes in Beneficial Ownership (4)
05/10/201611:58:12Current Report Filing (8-k)
05/09/201616:34:11Statement of Changes in Beneficial Ownership (4)
05/09/201611:47:15Withdrawal of Registration Statement (rw)
05/09/201603:02:00Merger Breakups Increase to Record -- WSJ
05/06/201616:30:00Halliburton to Redeem $2.5 Billion in Senior Notes
05/06/201611:59:59Quarterly Report (10-q)
05/06/201606:00:00On the Latest BizWireTV Berkshire Hathaway’s Annual Shareholders Me...
05/04/201614:38:49Current Report Filing (8-k)
05/04/201603:04:00Halliburton, Baker Strategies Differ -- WSJ
05/03/201615:40:05Current Report Filing (8-k)
05/03/201613:57:00Halliburton's Loss Deepens--2nd Update

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