Oil announces six contracts for a new exploratory patch
28/4/2018 12:00 am
[rtl]Al-Allaibi: keen to raise the rates of oil reserves
Baghdad / Sabah
The Minister of Oil Jabbar Ali al-Allaibi said that the ministry is keen to rehabilitate and develop exploratory patches to improve the rates of oil reserves, pointing to the ministry's decision to accelerate the rehabilitation of the border exploration explorations of decades of neglect and mismanagement, comes at the time announced the Ministry of Oil, Of the 11 land and sea border areas had been announced in advance, as part of the rounds of new oil licenses.
Al-Luaibi said during the tender for the development of (11) land and sea border explorations, according to a press statement received by «morning»: that «was transferred 6 exploratory spots for rehabilitation and development during the licensing round organized by the Department of contracts and licensing of petroleum out of (11) Explaining that «qualified companies did not submit bids on the remaining (5) patches of the round of competition».Al-Allaibi added, "We have decided to accelerate the invitation of investment companies to participate and compete for the development of these border exploration explorations of the economic importance of Iraq, as well as convert the exploratory expectations that have been identified in some sites and fields to a new reality contributes to increasing the oil and gas reserves of our country and enhance its role in this "Pointing out that« this step aims to optimize investment of these pits and oil fields border and in order to achieve the greatest and the greatest benefit to the national economy, it is not logical to leave these important border oil sites without investment and real development ».And the Minister of Oil, that «the ministry took this step and called on the international companies to cooperate with them and contribute to the development of models according to service contracts differ from the previous, have been developed and developed by taking advantage of the observations of companies wishing to work and investment in Iraq», calling on investment companies specialized to " Developing oil industry and implementing projects in all fields ».
For his part, ministry spokesman Asim Jihad said in a press statement received by «morning»: «The company« Jiu Good »Chinese won the development contracts of oil and oil in the province of Maysan province, and the victory of the US company (IEG) of the contract to develop the exploration area Sinbad In the province of Diyala and the exploration area Kalabat - Kamar in Diyala province also near the border with Iran »He added that the company (Crescent Petroleum) UAE won the contract to develop the exploratory area Khashm al - Ahmar. In the meantime, the Basra Oil Company concluded two contracts for the operation and maintenance of the Majnoon field with the Chinese companies (Anton) and (KBR), to develop the production operations in the Majnoon oil field in Basra.[/rtl]
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