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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq signs contracts with licensing companies to drill new oil wells

    Rocky
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    Iraq signs contracts with licensing companies to drill new oil wells Empty Iraq signs contracts with licensing companies to drill new oil wells

    Post by Rocky Sun 15 Aug 2021, 7:03 am

    Iraq signs contracts with licensing companies to drill new oil wells

    •  Time: 08/15/2021 08:10:17
       
    •  Reading: 416 times

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    {Economic: Al Furat News} Iraq signed contracts with foreign oil licensing companies to drill new oil wells and reclaim dozens of producing fields in Kirkuk, Baghdad, Basra, Maysan and Nasiriyah, within the framework of a long-term plan to increase oil production to eight million barrels per day at the end of the year 2027.
    The director of the Iraqi Drilling Company affiliated to the Ministry of Oil, Basem Abdul Karim, said in a press interview, "The company is in the process of signing a contract to drill 37 oil wells in the Zubair oil field for the Italian company Eni, the main operator of the field in Basra Governorate, for a period of more than two years." 
    He pointed out that "the Italian Eni recently delivered 14 oil wells and started drilling 3 new wells within a previous contract, bringing the total drilling contracts to about 54 wells in the giant field."
    Abdul Karim revealed that "after entering into a competition with major foreign drilling companies to acquire a contract to drill 30 wells in the Rumaila field, west of Basra, it was transferred to the British oil company BP," stressing "the company's readiness to start drilling operations directly upon the announcement." about her victory.
    He pointed out that "the signing of a contract with the Chinese company Cinoc, the operator of the Bazargan field in Maysan, to drill 22 wells in partnership with the Chinese company Bohan, at a cost of up to 160 million dollars," noting "the completion of discussions in this regard that lasted for two years because it was affected by the repercussions of Covid-19."
    He announced, "a preliminary agreement has been reached with the Chinese company Cinoc to reclaim 150 wells in the Bazarkan field in two phases. The first is 71 wells, and the second will be implemented later."
    In Dhi Qar, Abdul Karim explained that “the company is currently implementing a plan to drill 20 wells in the Nasiriyah field, with the participation of the American company Weather Ford, which will enhance the strategy of escalating production and export capacity in the future by up to 60 thousand barrels per day, and it is estimated that it contains about 4.4 billion barrels. of raw."
    remission




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