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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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    National Oil announces the presence of 16 exploration blocks in the Western Desert

    Rocky
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    • Post n°1

    National Oil announces the presence of 16 exploration blocks in the Western Desert Empty National Oil announces the presence of 16 exploration blocks in the Western Desert

    Post by Rocky Fri 17 Dec 2021, 6:11 am

    National Oil announces the presence of 16 exploration blocks in the Western Desert

    •  Time: 12/16/2021 17:15:46
       
    •  Reading: 1,001 times

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    {Economic: Al Furat News} The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, announced on Thursday that there are 16 exploration blocks in the Western Desert that contribute to increasing the national gas reserves and production.
    The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. [You must be registered and logged in to see this link.]

    The ministerial statement, which {Euphrates News} received a copy of, said: “The President of the National Oil Company confirmed during his presidency of a meeting at the Oil Exploration Company, during which a technical study of the Western Desert exploration project was reviewed, the importance of accelerating exploration operations in the Western Desert to increase the national reserve and production of oil. Gas, which is one of the priorities for the implementation of projects within the plans and objectives of the ministry.
    Ismail stressed, "the need to complete the technical and administrative procedures and the financial allocations required to include a development project (5) of which patches are included in the 2022 budget, due to its importance in the optimal investment of gas and meeting local needs."
    He stressed "the need to invest all local capabilities and energies, in cooperation with specialized international companies, to reduce costs and risks." 
    The first deputy of the National Oil Company, Hamid Younis, said that "the project is of great importance in developing Iraqi gas production capabilities and has positive returns in developing the national economy, as well as providing job opportunities for the people of the province."
    Meanwhile, Director General of Oil Exploration Agency Basem Mohamed Khudair revealed “the operations of developing exploratory patches in the Western Desert, which include drilling an exploratory well after conducting seismic surveys and the process of processing and interpreting data, noting that the duration of the implementation of the surveys for the five patches that were identified to start exploration operations is four. For years, using two seismic bands as a first stage, followed by a second stage to explore five other patches and a third stage to explore the remaining six patches."
    The statement continued, "The technical study presented by the committee included the identification of (16) exploratory patches in the Western Desert, which are located within vast areas, and that the foundations of the project identified the direct development of (five) areas or patches, most of which are border areas, in which seismic survey activities are targeted, namely (Al-Anz). South Rutba, Akashat, Tubal and Al Waleed).
    And he stated, "The study comes in line with the policy of the Ministry and the National Oil Company in selecting patches with low depths to reduce costs and risks. During the technical presentation, expectations, challenges and needs for the implementation of the project were identified, which are included in seismic surveys, and the implementation of processing and interpretation of data resulting from the survey and drilling exploratory wells." 
    The meeting was attended by the first deputy of the National Oil Company, the general managers of the Department of Reservoirs and Field Development, the Department of Petroleum Contracts and Licensing, and a number of directors of bodies and departments in the Oil Exploration Company. 
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