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Iraqi Oil signs a joint study contract for the land part of the marine patch in the Gulf
Shafaq News/ The Undersecretary of the Iraqi Ministry of Oil for Extraction Affairs, Karim Hattab, announced on Monday the signing of a contract to prepare a joint study for the land part of the offshore patch in the Gulf between the Oil Exploration Company and the Chinese company Cinoc Middle East and Iraq.
Hattab said while attending the signing ceremony, according to a statement received by Shafaq News Agency, today we celebrate the signing of a joint study contract for the land part of the offshore patch in the Gulf, between the Oil Exploration Company, which is one of the leading national companies in this field, and Cinoc Iraq and the Middle East. This contract is an important step for the development of the offshore exploratory patch in the Gulf, which is the first joint exploratory study experience in regional waters.”
He added that "the ministry is keen to develop and invest in joint border fields, land or sea and in regional waters, despite the various challenges," stressing that "the ministry has worked to attract international companies for cooperation, work and joint investment to develop the national oil industry."
Hattab continued, "The ministry affirms its full confidence in the national effort and in Cinoc Iraq and the Middle East to complete this study and reach positive results, contributing to strengthening the oil reserves of oil wealth."
The Director General of the Oil Exploration Company, Ali Jassem, said, according to the statement, "The Oil Exploration Company, which represents one of the arms of the national effort, was able to achieve important steps in the field of exploration through the spread of seismic teams in many areas of Iraq and conducting surveys for vast areas of Iraq, including the desert." Gharbia in Anbar Governorate, Tal Afar in Nineveh Governorate, Muthanna, Maysan, Basra and others.
He pointed to "the ministry's continuous support for the work of seismic teams, which work with the latest devices, equipment, mechanisms and advanced technology in this field, believing in maximizing the guaranteed reserves of oil and gas."
The General Manager of Cinoc Middle East and Iraq, Vincent Shih, said that "the contract to conduct a joint study of the Arabian Gulf area, which was signed, represents a start to build cooperative relations of a new type between Iraq and Cinoc, and the Iraqi side is keen on this project for close cooperation to achieve positive results." fruitful and deepening exploratory operations.
He pointed out that "this cooperative relationship will contribute to the development of the oil industry in Iraq, and create a new situation for cooperation in the field of oil and gas between China and Iraq in a way that achieves the common interests of both parties."
Shih added, "Futureful results have been achieved thanks to the joint efforts made by both parties. Today, we are proud to announce the signing of a bilateral seismic survey services contract for the onshore part of the patch with the Oil Exploration Company, and that CNOC announces its readiness to deal with all difficult situations. In cooperation with the Ministry of Oil, Maysan Oil Company and all partners.
It is noteworthy that the joint research agreement for the Gulf region was signed in 2019 and included conducting exploratory operations for the land and sea parts, where the area of the land part is 120 square km and the marine part is 530 square km.
This contract comes as a prelude to the comprehensive development operations of the land and offshore part of the offshore patch, which the ministry aims to maximize oil and gas reserves, according to the statement.
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Hattab said while attending the signing ceremony, according to a statement received by Shafaq News Agency, today we celebrate the signing of a joint study contract for the land part of the offshore patch in the Gulf, between the Oil Exploration Company, which is one of the leading national companies in this field, and Cinoc Iraq and the Middle East. This contract is an important step for the development of the offshore exploratory patch in the Gulf, which is the first joint exploratory study experience in regional waters.”
He added that "the ministry is keen to develop and invest in joint border fields, land or sea and in regional waters, despite the various challenges," stressing that "the ministry has worked to attract international companies for cooperation, work and joint investment to develop the national oil industry."
Hattab continued, "The ministry affirms its full confidence in the national effort and in Cinoc Iraq and the Middle East to complete this study and reach positive results, contributing to strengthening the oil reserves of oil wealth."
The Director General of the Oil Exploration Company, Ali Jassem, said, according to the statement, "The Oil Exploration Company, which represents one of the arms of the national effort, was able to achieve important steps in the field of exploration through the spread of seismic teams in many areas of Iraq and conducting surveys for vast areas of Iraq, including the desert." Gharbia in Anbar Governorate, Tal Afar in Nineveh Governorate, Muthanna, Maysan, Basra and others.
He pointed to "the ministry's continuous support for the work of seismic teams, which work with the latest devices, equipment, mechanisms and advanced technology in this field, believing in maximizing the guaranteed reserves of oil and gas."
The General Manager of Cinoc Middle East and Iraq, Vincent Shih, said that "the contract to conduct a joint study of the Arabian Gulf area, which was signed, represents a start to build cooperative relations of a new type between Iraq and Cinoc, and the Iraqi side is keen on this project for close cooperation to achieve positive results." fruitful and deepening exploratory operations.
He pointed out that "this cooperative relationship will contribute to the development of the oil industry in Iraq, and create a new situation for cooperation in the field of oil and gas between China and Iraq in a way that achieves the common interests of both parties."
Shih added, "Futureful results have been achieved thanks to the joint efforts made by both parties. Today, we are proud to announce the signing of a bilateral seismic survey services contract for the onshore part of the patch with the Oil Exploration Company, and that CNOC announces its readiness to deal with all difficult situations. In cooperation with the Ministry of Oil, Maysan Oil Company and all partners.
It is noteworthy that the joint research agreement for the Gulf region was signed in 2019 and included conducting exploratory operations for the land and sea parts, where the area of the land part is 120 square km and the marine part is 530 square km.
This contract comes as a prelude to the comprehensive development operations of the land and offshore part of the offshore patch, which the ministry aims to maximize oil and gas reserves, according to the statement.
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