Weatherford (WFT +2.9%) wins an $843M crucial oil field facilities contract from a group led by...

|About: Weatherford International Ltd. (WFT)|By:, SA News Editor

Weatherford (WFT +2.9%) wins an $843M crucial oil field facilities contract from a group led by Eni (E) that will boost oil production from Iraq's Zubair oil field to 554K bbl/day from the current 254K bbl/day, a government spokesman says. Schlumberger (SLB) and an Italian JV had competed for the contract to build the facilities in Basra in southern Iraq.