Advertisement
UK markets closed

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • CRUDE OIL

    82.55
    -0.26 (-0.31%)
     

  • GOLD FUTURES

    2,343.70
    +5.30 (+0.23%)
     

  • DOW

    37,960.63
    -500.29 (-1.30%)
     

  • Bitcoin GBP

    51,324.90
    -437.13 (-0.84%)
     

  • CMC Crypto 200

    1,387.67
    +5.09 (+0.37%)
     

  • NASDAQ Composite

    15,505.65
    -207.09 (-1.32%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Halliburton to drill wells for Shell, doubling Iraq's Majnoon oil field output -sources

Reuters - UK Focus

BASRA, Iraq, Jan 19 (Reuters) - Shell (LSE: RDSB.L - news) has signed a $210 million contract with Halliburton (Swiss: HAL.SW - news) to drill 30 wells in Iraq's Majnoon oil field, two oil sources said on Thursday.

The agreement will double the field's production after three years, the sources said.

Shell, the operator of the giant Majnoon field in southern Iraq, could not be reached immediately for comment.

Majnoon's output should rise to about 400,000 barrels per day in three years, from 220,000 bpd now, according to the sources.

(Reporting by Aref Mohammed and Saif Hameed; writing by Maher Chmaytelli; Editing by Susan Fenton)