Iraq’s Oil Ministry announced that its main state-owned operator in the southern region, Basra Oil Company (BOC), has signed a five-year integrated management contract with US – based Halliburton for the development of the Bin Omar and Sindbad oil fields, as part of the government’s strategy to boost production capacity, according to Reuters.
Oil Minister Bassem Mohammed Al-Abadi said the agreement aims to increase crude output from the Bin Omar field to 150,000 barrels per day (bbl/d), while raising production at the Sindbad field to 100,000 bbl/d. The contract also includes plans to enhance associated gas production from both fields.
The deal reflects Iraq’s ongoing efforts to optimize field performance and expand hydrocarbon output through partnerships with international energy service companies.
The Bin Omar field, located in southern Iraq near Basra, is considered one of the country’s underdeveloped oil assets with significant untapped reserves, requiring enhanced recovery techniques and infrastructure upgrades to reach its production potential. The Sindbad field, also situated in the Basra region, is a smaller but strategically important field that has faced delays in development, with recent government plans prioritizing its rehabilitation and integration into Iraq’s broader output expansion strategy.
Halliburton is one of the world’s largest oilfield services providers, operating in more than 70 countries and offering a range of services including drilling, evaluation, and production solutions. The company has a long-standing presence in Iraq, where it has been involved in multiple upstream projects aimed at supporting the country’s ambition to increase oil output and improve energy infrastructure.
