A company based in the United States recently acquired a contract to drill oil wells in the southern part of Iraq.
Schlumberger has won a $480-million contract to drill 96 oil wells for Iraq's Basra Oil Company and also for ExxonMobil that operates the West Qurna-1 field.
West Qurna-1 is one of the largest oil fields in the world and is operated in partnership with countries such as Iraq, Japan, Indonesia, and China.
Schlumberger is the world's leading oilfield services provider and is headquartered in Houston, Texas in the United States. It is listed in the New York Stock Exchange under the ticker SLB.