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Anbar, Iraq — August 2025
U.S. oilfield services leader SLB (NYSE: SLB) has been awarded a significant six-well drilling contract in Iraq, marking a strategic move to enhance natural gas production at the Akkas gas field, located in the western Anbar governorate.
🔍 Project Overview
- Contract Scope: Drilling of six new wells
- Objective: Increase gas output to 100 million cubic feet per day (MMcf/d) within 12 months
- Location: Akkas gas field, Anbar governorate, Iraq
- Field Reserves: Estimated at 4.6 trillion cubic feet (Tcf) of natural gas
🏗️ Strategic Significance
The Akkas field is one of Iraq’s largest non-associated gas reserves and plays a crucial role in the country’s energy diversification strategy. The new drilling campaign is expected to:
- Accelerate domestic gas production
- Support Iraq’s efforts to reduce reliance on imported energy
- Contribute to regional energy stability and economic development
🤝 Partnership and Execution
SLB’s selection underscores its technical expertise and long-standing presence in the Middle East. The company is expected to deploy advanced drilling technologies and project management capabilities to meet the ambitious production timeline.
🌍 Energy Outlook
This development aligns with Iraq’s broader goals to:
- Expand its natural gas infrastructure
- Attract foreign investment in upstream energy projects
- Transition toward cleaner-burning fuels to support environmental targets
