[size=36]In the Western Desert... the Minister of Oil announces the completion of procedures for listing 5 exploration blocks[/size]
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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