PROJECTS: Chinese firm awarded Zubair oilfield drilling contract in Iraq

$24.5mln contract was awarded by Schlumberger to Zhongman Petroleum unit

  
Image used for illustrative purpose. Oil worker drilling for oil on rig

Image used for illustrative purpose. Oil worker drilling for oil on rig

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China's Zhongman Petroleum and Natural Gas Group announced on Wednesday that its subsidiary has been awarded an oilfield drilling contract in Iraq.
 
The company said in a stock exchange statement that its wholly owned subsidiary Zhongman Petroleum Engineering Technology Service (Hong Kong) and Schlumberger Middle East have signed drilling project contract worth $24.5 million (approximately 158 million RMB) for the Zubair oilfield in Iraq.
 
The contract duration is for three years, the statement said.
 
(Writing by N Madhura; Editing by Anoop Menon)

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