KBR, Halliburton Awarded Iraq Oil Contracts Amid Exxon Mobil Deal Uncertainty
Exxon Mobil's Iraq Dilemma
Exxon Mobil's years-long attempt to withdraw from a pioneering Iraqi oil agreement may depend on collaboration with one of the world's leading fracking companies.
KBR Contract Details
The US Army Corps of Engineers awarded a contract to KBR to sustain operations for Exxon Mobil's multi-year effort to extricate itself from its Iraqi oil deal.
Halliburton's Potential Involvement
Iraq's government may revive a drilling agreement with Halliburton in the Akkas' western gas field next month, according to Oil Minister Ihsan Abdul Jabbar.
Halliburton Contract Details
The Iraqi cabinet approved a drilling deal with Halliburton worth an estimated 278.5 million (324 billion Iraqi dinars). Reuters reports the 30-month contract includes the drilling of 26 wells.
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