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Report: Iraq approves deal with Schlumberger to drill 40 wells

Iraq has approved a deal with Schlumberger Ltd. to drill 40 wells in the Majnoon oilfield, according to a report from Reuters.

The agreement with the oil services firm aims to boost production in the area, Reuters said, citing a statement from Iraqi Oil Minister Thamir Ghadhban.

Also on Wednesday, Basra Oil Co., which manages Majnoon, signed a contract with fellow state-run Iraqi firm Oil Exploration Co. to conduct a seismic survey in the oilfield.

Majnoon's crude oil output is estimated at more than 240,000 barrels per day.

Separately, Schlumberger said Dec. 18 that its OneSubsea unit was awarded an engineering, procurement and construction contract by Equinor to supply the first all-electric actuated subsea boosting system for the Vigdis field in the Norwegian North Sea.

The scope of the contract includes a pump station with a manifold foundation and protective structure, pump module, topside equipment, umbilical and all electric-controls with electric actuation.

OneSubsea will start work in December in Bergen, Norway, and first delivery is slated for February 2020.