Home
[size=36]In the Western Desert... the Minister of Oil announces the completion of procedures for listing 5 exploration blocks[/size]
Economie| 05:22 - 16/12/2021
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad - Mawazine News
The Minister of Oil, head of the National Oil Company, Ismail Abdul-Jabbar, stressed on Thursday the importance of accelerating exploration operations in the Western Desert to increase the national gas reserves and production.
A statement by the ministry, which Mawazine News received a copy of, stated that the minister, while presiding over a meeting at the Oil Exploration Company, during which a technical study of the Western Desert exploration project was reviewed, explained, "After listening to the technical presentation made by the committee formed to study the development of exploratory patches in the Western Desert, And its number (16) exploratory patches represent an important addition to increasing national production, contributing in the future to achieving sustainable development, stressing the need to complete the technical and administrative procedures and the financial allocations required to include a development project (5) of them in the 2022 budget, due to their importance in the optimal investment of gas and meeting the needs local.
He stressed Ismail the need to invest all local potentials and energies and 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 development of exploratory patches in the Western Desert, which includes drilling an exploratory well after conducting seismic surveys and the process of processing and interpreting data, noting that the period of implementation of the surveys for the five patches that were identified to start exploration operations is four 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.
It is noteworthy that 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 and Akashat). 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. Ended 29/R77
He stressed Ismail the need to invest all local potentials and energies and 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 development of exploratory patches in the Western Desert, which includes drilling an exploratory well after conducting seismic surveys and the process of processing and interpreting data, noting that the period of implementation of the surveys for the five patches that were identified to start exploration operations is four 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.
It is noteworthy that 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 and Akashat). 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. Ended 29/R77
[You must be registered and logged in to see this link.]
» utube 11/18/24 MM&C IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating
» MM&C 11/17/24 For the first time in Iraq.. Efforts to establish an "Investment Association" to attr
» utube 11/16/24 MM&C-News Report-Iraq Dinar-Oil-Flow-Global Maritime Trade-Cross Border Transfer-Ex
» Global conflicts move to Iraq.. America and China fight economically in Baghdad
» Al-Sudani: Iraqi openness to comprehensive partnership with Türkiye and developing trade balance
» Accused of negligence, the Parliamentary Energy Committee calls on Al-Sudani to hold the “Baghdad El
» Al-Maliki's coalition notes Al-Sudani's performance in three files
» On charges of forgery... Al-Dulaimi complains about Al-Halbousi before the Integrity Commission
» Al-Karawi: The government mortgaged the port of Faw to companies affiliated with the Zionist entity
» Parliamentary Integrity: We will proceed with the ministerial amendment even if the government delay
» Reopening of applications to the morning private government education channel
» Bitcoin rises after weekly losses
» Al-Maliki Coalition: The government amendment does not exceed three ministerial portfolios
» Parliamentarian: Amending the Election Law is out of the question
» Israel threatens to target infrastructure in Iraq and assassinate "prominent figures"
» Parliamentary regions: Article 140 road is closed
» The Central Bank of Iraq's dollar sales increased
» Al-Alaq reviews to the President of the Republic the Central Bank’s plans to develop the banking sec
» Al-Atwani to the French Embassy delegation: Halting external borrowing indicates an improvement in I
» Parliamentary move against Kar Oil Company: Suspicions of "fake" electricity supply
» Parliamentary Health: Iraq suffers from a large surplus in the number of doctors and pharmacists by
» It causes a loss of one billion dollars per month.. A date has been set for the resumption of Kurdis
» Türkiye blames Iraq: You waste water and do not have good management in rationalizing it
» Iraq rejects “COP29” proposal: We will not get rid of fossil fuels, as they are the basis of our eco
» Bitcoin nears $90,000 after biggest drop since election
» For the first time, Iraq issues the commodity structure of exports and imports
» Procedures for (automating) the work of Baghdad International Airport
» Planning: No cuts to benefits or taxes due to census
» International organizations praise the government's national initiatives
» {Official platform} to combat rumors
» Al-Sudani: The census will be used exclusively to develop development plans
» Justice audits financial movements in its departments
» Al-Imar to {Sabah}: 3 residential cities in Baghdad to be referred soon
» Kurdistan Region of Iraq plans to receive 10 million tourists annually
» Discussion of mineral investment and export mechanisms
» Consensus on the importance of planning in achieving sustainable development
» Corporate Restructuring: Stimulating Economic Growth
» Iraq's commitment to OPEC decisions controls oil prices
» Delete zeros and evaluate the dinar
» Economists: Empowering the private sector requires a legislative system
» Preparations for holding meetings of the Iraqi-Egyptian Committee
» Parliamentary Legal Committee to Nina: Controversial and important laws will be passed in one go in
» Central Agency for Public Mobilization and Statistics to Nina: The census activities are completely
» Turkish Trade Minister to visit Iraq tomorrow, Monday, heading a delegation of businessmen
» Slight decrease in dollar exchange rates in local markets
» Basra Gas Company launches the “Safe Step” program to raise awareness of the dangers of mines and wa
» With high-level governmental and international presence... the activities of the Iraqi Digital Space
» Ministry of Oil: FCC project to produce derivatives to be completed in the middle of next year
» Does America influence the decisions to form the regional government?.. 5 critical months
» Search for remains of the eight-year war postponed until 2025.. Diggers await spring
» US forces reposition in the "Desert Triangle" in western Iraq
» Al-Dahlaki: The general amnesty law is not just an election slogan as the "forgers" want it to be
» Date set for resuming oil exports from Kurdistan via Turkish port of Ceyhan
» 2025 budget between the government and parliament corridors
» Parliamentary Finance: Population census is a criterion for distributing resources and financial all
» Dollar prices in Iraqi markets
» A source reviews the factors that "undermine" the goals.. What is behind the efforts to form the "Ce
» What are the most controversial paragraphs in the general amnesty law? Al-Saadi reveals to Sumaria
» Al-Sudani chairs the fifth session of the Supreme Coordination Committee between the governorates
» A fruitful international-Japanese partnership produces its eighth batch... Celebrating the success o
» The President of the Republic stresses the need to develop a future strategy for financial policy ac
» Tomorrow.. Turkish Trade Minister visits Baghdad to discuss several files
» Rashid and Al-Alaq discuss the future of the Iraqi banking sector
» US Ambassador assures Maliki of her country's support for Iraq's stability
» Parliamentarian addressing the Judicial Council: When will corruption files be resolved?
» Economist: Re-exporting Kurdistan oil will cause Iraq to lose $5 billion and a budget deficit
» Financial Advisor: Good performance of fiscal space reflects government’s ability to increase spendi
» The President of the Republic stresses the need to develop a future strategy for financial policy
» Parliament determines the most important laws it will work on before its legislative break in a few
» Dollar exchange rates against the dinar in Iraqi stock exchanges
» Government correspondence to install 8 thousand electricity meter readers
» utube 11/13/24 MM&C MM&C News-Private Sector- Electronic Payments-Reconstruction-Development-Digit
» utube MM&C 11/15/24 Update-Budget-Non Oil Resources-CBI-USFED-Cross Border Transfers-Oil
» Al-Sudani is besieged by lawsuits over the “wiretapping network”... and Al-Maliki heard “inappropria
» Tens of thousands of foreigners work illegally in Basra... and the departments will bear the respons
» 4 reasons for the Sudanese government’s silence in the face of the factions’ attacks.. Will Baghdad
» PM's advisor: Government able to increase spending without inflation or fiscal deficit
» Prime Minister stresses the need to complete 2024 projects before the end
» Minister of Labor sets date for launching second batch of social protection beneficiaries in the pol
» Al-Sudani approves 35 new service projects, stresses the need to complete 2024 projects
» Minister of Labor: The population census will provide accurate calculations of poor families covered
» Electricity announces its readiness for the winter peak
» Economist: Parallel market remains pivotal to financing Iraq’s trade with Iran, Syria
» Trump: Iraq: A subsidiary or the focus of major deals?
» Counselor Mazhar Saleh: The government is able to increase spending without causing inflation or a f
» Al-Sudani's advisor to "Al-Maalouma": We do not need to bring in foreign workers
» Parliamentary Rejection.. Parliamentarian Talks About Jordanian Agreement That Harms Iraq’s Economy
» Al-Sudani chairs the periodic meeting of the service and engineering effort team
» Al-Sahaf: Washington continues to support terrorist organizations in Iraq
» Al-Maliki Coalition: America is trying to make Iraq hostile to its neighbors by violating its airspa
» Close source: Al-Sudani failed to convince Al-Hakim and Al-Amiri to carry out the ministerial reshuf
» Al-Sayhoud on Postponing Parliament Sessions: Bad Start for Al-Mashhadani
» Peshmerga Minister: The survival of the Kurdistan Region depends on the presence of a strong Peshmer
» Al-Maliki Coalition: US pressures prevent Israel from striking Iraq
» Nechirvan Barzani calls for keeping Peshmerga out of partisan conflicts, urges formation of 'strong
» US Institute: Trump administration may prevent Iraq from importing Iranian gas as part of pressure o
» The meter will visit families again.. Planning details the steps for conducting the population censu
» Government clarification: Is Iraq able to increase spending?