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The Ministry of Oil clarifies about the Eridu field in the south
- Time: 12/11/2021 16:00:50
- Reading: 104 times
clarification
Referring to what was published and circulated by some media and news websites about the “Eridu” field, and due to the inaccuracy of some of the information reported by these agencies and news websites,
the Ministry of Oil clarifies that this field was discovered in 2016 and is located
within the tenth exploration block located between the two governorates. Al-Muthanna and Dhi Qar, which is not a new discovery, as the
tenth exploration block was assigned within the fourth licensing round to the consortium of the Russian Lukoil companies by 60% and the Japanese Inpex by (40%),
and the contract was signed in 2012
and that the area of the tenth block is (5806). square km
assessment during the period of exploration and drilling contract has been included (9) wells (3) exploratory and (6).
As a result of the activities carried out by the international companies concerned, the "Eridu" field was discovered within the tenth block based on the results of two-dimensional seismic surveys in 2016.
Preliminary expectations, as a result of the studies presented by the company, indicate that the oil reserves range between 7-12 billion barrels.
The proposed peak production is 250 thousand barrels per day.
The operator (Lukoil Company) submitted a commercial discovery announcement and a preliminary development proposal to the Ministry of Oil for the purpose of studying by the Iraqi side and approving it to proceed with the development of the field.
At a time when the Ministry of Oil commends the role of the media, the press and news websites, it appeals to everyone to be accurate, objective and professional when circulating news related to the oil sector in the service of the public interest.
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