Terra Seis Wins Lukoil Contract In Iraq

Source: The Wallstreet Journal - Russia's Lukoil OAO (LKOH.RS) said Friday it awarded a 3D seismic contract at Iraq's West Qurna Phase 2 oil field to Terra Seis Trading Ltd., Lukoil said in a statement seen by Dow Jones Newswires.

Lukoil, however, didn't release the cost of the deal, but said 3D seismic survey at the field, in southern Iraq, would start in December and continue for nine months.

The term of the contract is nine months and there are 540 square kilometers of seismic volume to acquire, Lukoil said, adding that the "test survey is planned in early December and in the middle of December seismic trucks will be entering the contract Area."
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