KBR, Halliburton Awarded Iraq Oil Contracts Amid Exxon Mobil Deal Uncertainty

Exxon Mobil's Iraq Dilemma

Exxon Mobil's years-long attempt to withdraw from a pioneering Iraqi oil agreement may depend on collaboration with one of the world's leading fracking companies.

KBR Contract Details

The US Army Corps of Engineers awarded a contract to KBR to sustain operations for Exxon Mobil's multi-year effort to extricate itself from its Iraqi oil deal.

Halliburton's Potential Involvement

Iraq's government may revive a drilling agreement with Halliburton in the Akkas' western gas field next month, according to Oil Minister Ihsan Abdul Jabbar.

Halliburton Contract Details

The Iraqi cabinet approved a drilling deal with Halliburton worth an estimated 278.5 million (324 billion Iraqi dinars). Reuters reports the 30-month contract includes the drilling of 26 wells.