Baghdad: Saad Al-Sammak
The Ministry of Oil agreed to grant Schlumberger International a partnership contract to support the implementation of drilling projects, at a time when it announced the establishment of the Basra Energy Company. The Director General of the Iraqi Drilling Company, Basem Abdul Karim, said that his company will begin today, Thursday, to sign a participation contract and a joint submission agreement with Schlumberger International at its headquarters in Al-Barjisiya in Basra Governorate, indicating that the contract includes providing support for the implementation of drilling and reclamation projects in a turnkey manner for the benefit of international companies. The operator of Iraqi oil fields, transfer of global expertise and technology, and development of the company's cadres in the field of oil services.
On the other hand, General Manager Abdul Karim held talks with a delegation from the Chinese company Anton Oil, headed by the CEO of the company, Liu Lin, during his reception at the headquarters of the drilling company.
Abdul Karim explained that the talks aim to activate the partnership contract concluded between the two companies and enhance cooperation in the field of drilling, reclamation, associated services, and systems for transferring and analyzing field data.
On the other hand, the Minister of Oil, Ihsan Abdul-Jabbar, said yesterday, Wednesday, during a ceremony announcing the establishment of the Basra Energy Company: We announce the establishment of the Basra Energy Company with the approval of the Council of Ministers, stressing that it will be exempted from the legal requirement of two years of age, thus fulfilling the legal aspect.
He added that the ministry seeks for the establishment agreement to be the way to overcome previous differences, and achieve the plans set for achievement to reach peak production by the year 2027, "which constitutes a third of Iraq's oil production, while noting that the Rumaila field represents a third of Iraq's production.
The minister explained that "Petro Jana and British Petroleum are the two shareholders with SOMO and the Basra Oil Company."
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