halliburton

Newsday reports in Halliburton Contract Extended in Iraq that the original contract has been extended until the end of the year. The US Army Corps of Engineers sent out information on the new Request for Proposal some time ago but modifications have made the extension necessary.

Halliburton's contract, worth $1.59 billion so far, will be extended until December or January while the government receives and evaluates revised bids for replacement work that could total $2 billion.

The U.S. Army Corps of Engineers, which administers the oil industry rehabilitation, already has received competitive bids for replacement contracts, and hoped to announce the winners this month. The Corps said it was forced to revise the workload requirements because of continued sabotage and a need to provide additional security.

Who will the lucky winners be?