Weatherford's drilling contract extended

MUSCAT - US company Weatherford has won an extension of a drilling contract in an oilfield in central Oman worth $40 million.

By From Our Special Correspondent

Published: Thu 22 Jan 2004, 12:21 PM

Last updated: Thu 2 Apr 2015, 12:11 AM

The deal to Weatherford has been awarded by state-controlled Petroleum Development Oman, which produces 90 per cent of the sultanate's oil. "It is an extension of the original contract. Weatherford’s drilling will help the productivity of the oilfields and overcome our production problems," a project official said.

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