Halliburton signed a five-year integrated management contract with Iraq’s Basra Oil Company on 5 July 2026 to develop the Bin Umar and Sindbad oil fields in Basra governorate. The agreement forms part of the Ministry of Oil’s strategy, under directives from Prime Minister Ali Al-Zaidi, to expand Iraq’s oil and gas production capacity.

Crude production at Bin Umar is targeted to rise to 150,000 barrels of oil per day (bopd) over five years, with associated gas production targeted at 300 million standard cubic feet per day (MMscf/d). At Sindbad, crude output is targeted at 80,000 to 100,000 bopd, with associated gas production targeted at 240 to 260 MMscf/d.