Baker Hughes Joins BP, Schlumberger On Talks To Upgrade Iraq Kirkuk Oil Field - Source
12 Março 2012 - 8:12AM
Dow Jones News
U.S. giant oil services firm Baker Hughes Inc. (BHI) has joined
U.K.-supergiant BP PLC (BP) and Schlumberger Ltd. (SLB) on separate
talks with Iraq to more than double output from the country's giant
Kirkuk oil field in northern Iraq, an Iraqi oil industry figure
said Monday.
"Baker Hughes, BP and Schlumberger have shown interest to
develop Kirkuk oil fields," the person, who is familiar with the
Kirkuk oil field, told Dow Jones Newswires. "Iraq is conducting
preliminary talks with these three companies to examine plans to
develop the field," located in the oil hub of Kirkuk province in
northern Iraq.
Iraq is aiming to sign a 5-10 year deal with one of these firm
to bring output from the field from 280,000 barrels a day currently
to 600,000 barrels a day eventually, the source said.
"Baghdad wants to bring output from the field to 600,000 in five
years," he added.
-By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831;
Hassan.hafidh@dowjones.com
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