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Oil expert: New exploratory patches will not come into production ten years ago
April 17 2018 06:22 PM
April 17 2018 06:22 PM
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[rtl][rtl]Oil expert Hamza al - Jawahiri[/rtl]
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An oil expert said that the new exploratory patches will not enter production until ten years from now, at the latest.
The oil expert, Hamzah al-Jawahiri said: "These patches need to round licenses and then the stage of contracts, and then there is a year to explore and then there is at least four years waiting for the government's approval to develop these new fields."
Al-Jawahiri pointed out that "the government's plans now go to increase and develop gas production and then the production of patches and new exploratory fields." He pointed out that "the national production of maximum energy will begin after 15 years from now, and therefore there is a difference in world demand for energy and stock ratios To the expected increase in demand for oil due to natural depletion. "
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[/rtl]
Baghdad Post
[rtl]An oil expert said that the new exploratory patches will not enter production until ten years from now, at the latest.
The oil expert, Hamzah al-Jawahiri said: "These patches need to round licenses and then the stage of contracts, and then there is a year to explore and then there is at least four years waiting for the government's approval to develop these new fields."
Al-Jawahiri pointed out that "the government's plans now go to increase and develop gas production and then the production of patches and new exploratory fields." He pointed out that "the national production of maximum energy will begin after 15 years from now, and therefore there is a difference in world demand for energy and stock ratios To the expected increase in demand for oil due to natural depletion. "
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