Shell To Award Deals To Develop Iraq's Oil Field - Official

6th Jul 2010 07:53

By Hassan Hafidh Of DOW JONES NEWSWIRES Royal Dutch Shell PLC (RDSA) and its Iraqi state partner are in the process of awarding a deal to drill new oil wells at Iraq's supergiant Majnoon oil field in southern Iraq, the head of Iraq's state-run South Oil Co. Dhiaa Jaafar said Tuesday. Shell, which partnered Malaysia's state-run Petronas (PETR.UL) to develop Majnoon, will also award an engineering, procurement and construction deal to build various production installations at the field, an Iraqi oil industry source familiar with the project said. Jaafar told Dow Jones Newswires that both deals haven't yet been awarded but they are "in the process." He gave no further details. Separately, the Iraqi oil industry source said that firms including Halliburton Co. (HAL), Weatherford International Ltd. (WFT), and Petrofac Ltd. (PFC.LN) have been invited to submit bids for these two tenders. He gave no further details. A Shell executive contacted by Dow Jones refused to comment. - By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; [email protected] -0- (MORE TO FOLLOW) Dow Jones Newswires July 06, 2010 02:53 ET (06:53 GMT)