PROJECTS: Chinese firm awarded Zubair oilfield drilling contract in Iraq

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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)

(anoop.menon@refinitiv.com)

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