The Minister of Oil calls for financial allocations to develop 5 exploration blocks in Anbar

[size=52]The Minister of Oil calls for financial allocations to develop 5 exploration blocks in Anbar[/size]

[size=45]On Thursday, the Iraqi Minister of Oil and the head of the National Oil Company, Ihsan Abdul-Jabbar, called for allocating financial allocations to explore oil patches in the Western Desert.[/size]
[size=45]On the sidelines of a meeting of the Oil Exploration Company, Abdul-Jabbar stressed the importance of accelerating exploration operations in the Western Desert to increase national gas reserves and production, which is a priority for project implementation within the ministry's plans and objectives.[/size]
[size=45]The statement indicated that the committee formed to study the development of exploratory patches in the Western Desert presented a technical presentation that included access to 16 exploratory patches, which represent an important addition to increasing national production and contributing in the future to achieving sustainable development.[/size]
[size=45]Abdul-Jabbar stressed the need to complete the technical and administrative procedures and the financial allocations required to include a project to develop five exploratory blocks in the 2022 budget, due to their importance in the optimal investment of gas and meeting local needs.[/size]
[size=45]He pointed out the need to invest all local capabilities and energies, in cooperation with specialized international companies, to reduce costs and risks.[/size]
[size=45]For its part, 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.[/size]
[size=45]Meanwhile, Director General of Oil Exploration Agency, Basem Mohamed Khudair, stated that the development of exploratory patches in the Western Desert includes drilling an exploratory well after conducting seismic surveys, processing and interpreting data.[/size]
[size=45]He explained that the period of implementation of the surveys for the five patches that were identified to start the 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.[/size]
[size=45]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 the newborn.[/size]
[size=45]The study comes in line with the policy of the Ministry and the National Oil Company in selecting patches with shallow depths to reduce costs and risks. During the technical presentation, expectations, challenges and needs for project implementation 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.[/size]
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