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Gazprom Neft selected Halliburton to test and complete eleven wells at its oil field in Badra, Iraq. The contract is worth around $95 million.
The work carried out by Halliburton will facilitate better understanding of the geological structure of the field. Production will commence once the final field development plan is completed in 2013, in line with the terms agreed with the Iraqi government.
Current plans provide for beginning the preparation, testing and completion of six wells prior to the start of the field development. All of these wells will be equipped with top-notch equipment, which will enable dual production from multiple reservoirs and ensure real-time control over well performance, claimed Gazprom.
Testing of the first well is scheduled to begin third quarter 2012.