Companies

CNPC, partners seek workover rigs for Iraq Halfaya

(Agencies)
Updated: 2010-11-03 16:11

BAGHDAD -?China National Petroleum Company (CNPC), Iraq, French and Malaysian partners have invited bids from oil service companies to supply two workover rigs as they prepare to start work on the 4.1 billion barrel Halfaya oilfield, Reuters reported on Wednesday.

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The tender from state-run Maysan Oil Company, along with CNPC, French oil major Total and Malaysian state firm Petronas, closes on Nov 28, and the offer must remain valid for 90 days after the bid closing date.

The first drilling is supposed to start in November 2010, and three more drilling rigs are to be mobilized in the near future, Reuters reported according to the tender documents obtained on Tuesday.

CNPC and its partners had said in August they planned to start drilling new wells in September in Halfaya as part of a plan to boost output to 70,000 barrels per day in 2011 from 3,000 bpd now.

Iraq agreed to pay the companies a fee of $1.40 per barrel. CNPC has a 37.5 percent interest in the consortium, and Total and Petronas have 18.75 percent.