Basra Oil Company Awards Halliburton Contract to Advance Oil and Gas Development in Southern Iraq

Key Terms

integrated field management services technical

Integrated field management services are companies or teams that oversee and coordinate all on-site activities for physical assets—such as maintenance, repairs, monitoring, and regulatory compliance—so owners don’t manage each task separately. Think of it as a single caretaker or conductor who schedules workers, tracks performance, and fixes problems to keep equipment running smoothly. Investors care because bundling these services can lower costs, reduce downtime, improve predictable cash flow, and limit regulatory or operational risk.

epcm technical

EPCM stands for engineering, procurement and construction management, a contract model where a firm designs a project, buys major equipment and manages contractors rather than doing the actual building work itself. For investors, an EPCM arrangement matters because it usually keeps the project owner more directly responsible for contractor costs, schedules and on-site risks, which can affect budget certainty, timelines and the likelihood of delays or cost overruns. Think of it as hiring an architect and general manager who arranges and oversees the builders rather than having a single company deliver the whole job.

associated gas technical

Associated gas is natural gas that occurs together with crude oil in underground reservoirs and is released when oil is produced. For investors it matters because this gas can be sold to add revenue, used on-site to cut costs, or wasted at a cost and environmental risk if there’s no pipeline or market — like getting a useful byproduct from a factory that can either boost profits or create extra expense and regulatory exposure.

operatorship technical

Operatorship is the formal role and responsibility held by the party that runs day-to-day operations of a joint project or asset, including making operational decisions, managing contractors, handling regulatory compliance, and preparing reports for partners. Investors care because the operator’s competence, cost control, safety record and decision-making directly affect project performance, timelines, and financial outcomes—like the driver of a team vehicle whose skill and choices determine travel speed and safety.

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HOUSTON--(BUSINESS WIRE)-- Halliburton (NYSE: HAL) has been awarded a contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.

The contract scope includes field development planning, production optimization, digital solutions, and EPCM services for the two fields. Halliburton will deploy the Landmark portfolio to build a digital foundation that connects subsurface insights, well delivery, production operations, and business planning. Halliburton digitally integrates planning and execution to improve visibility, increase efficiency, and support faster, higher-quality decisions. The award supports the Government of Iraq and Ministry of Oil’s strategy to strengthen BOC with technical capabilities, project execution expertise, and an integrated delivery model to advance development of Iraq’s national energy assets.

“We are honored by the trust Basra Oil Company has placed in Halliburton to support the development of the Bin Umar and Sindbad fields,” said Zaid Khadra, vice president, Middle East North Africa, Halliburton. “We will work alongside BOC as a technical and project management provider to integrate workflows, digital solutions, and execution expertise to maximize asset value. We look forward to collaboration with BOC to advance Iraq’s production, infrastructure, and associated gas development objectives.”

The Bin Umar and Sindbad development program is designed to increase oil production and expand the capture and use of associated gas for domestic supply. BOC estimates oil production could reach approximately 150,000 barrels per day and 300 million standard cubic feet of associated gas from Bin Umar field during the first five-year development phase. The project supports Iraq’s efforts to strengthen energy security and reduce reliance on gas imports.

BOC will retain ownership, operatorship, and decision-making authority over the assets. Halliburton will execute the project in coordination with BOC and plans to work with local resources to support Ministry of Oil initiatives on workforce development and national value creation.

ABOUT HALLIBURTON

Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260720644665/en/

For Investors:
David Coleman
investors@halliburton.com
281-871-2688

For Media Relations:
Alexandra Franceschi
pr@halliburton.com
281-871-3602

Source: Halliburton