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of Iraq, China sign oil contracts for Rqotain expeditions[/size]
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one hour ago
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of Iraq, China sign oil contracts for Rqotain expeditions[/size]
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one hour ago
- The Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Al-Ghadhban said on Thursday that the ministry is continuing to implement its strategic plans to develop and rehabilitate the exploratory patches to boost the oil and gas reserves by the national effort and in cooperation with international companies.
This came during the signing ceremony of a contract between the oil exploration company and China's Sinoc to carry out the seismic surveys of two exploratory tablets.
"The contract includes the implementation of seismic surveys and the preparation of reservoir studies and analysis of the two exploratory planks, one of which is freely in the territorial waters of Iraq in the Gulf, and the second is an exploratory ground survey in Faw City," the minister said in a statement.
He added that "the activity comes to confirm the keenness of the Ministry to participate in the national effort in investment projects."
"We hope that the combined expectations of the two patches will be great, especially that the area where the two patches are located is a promising region with large oil structures."
"The signing of the contract with the Oil Exploration Company is an important step for cooperation with the Ministry of Oil in the exploration sector.
"The company will carry out the seismic surveys of the wild spot according to the national potential, while Sinook is preparing studies and surveys of the marine patch," said the director general of oil exploration company Nashwan Mohamed Nouri.
For his part, Spokesman for the Ministry Assem Jihad said that the signing included the studies and surveys of geological and seismic for the first exploration activity in the territorial waters, and is an important step on the way to explore the oil wealth in the marine patches.
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