New Rig Contract in Iraq

Sabre Drilling recently announced a four rig contract with Halliburton to drill in the South Rumaila field in Iraq. Two of the rigs are 1500 hp rigs and two are 2000 hp.

The first rig spudded in January and the second rig began operations in April. A third rig will begin drilling in May with a fourth scheduled for startup in June.

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