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[size=36]Iraq invites Russian companies to explore oil in new areas[/size]
Economie| 03:52 - 10/21/2022
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Baghdad - Mawazine News
, Director of the Technical Department of the Iraqi Ministry of Oil, Ali Ward Hammoud, said that Iraq is interested in partnering with Russian oil companies, and called on Russian companies to participate in new licensing rounds for unexplored oil patches.
Hammoud said today, Friday, that "in the near future, plans will be drawn up to develop these fields, and I mean here the Eridu and Al-Salman fields for the purpose of accelerated production and commercial production."
He continued, "There is great optimism through drilling wells and exploration that the oil columns in the wells and the stock are very large, which will provide Iraq with a large production capacity, by 200 thousand barrels per day from the Arido field, and the Salman field, which is operated by the Basneft Company, is now in the evaluation stage, but there is commercial evidence for this field." .
He added, "There are plans for Lukoil in the Arido field (10th block), and this field has excellent oil evidence, and the first production from this field will be in the year 2025."
He pointed out that with regard to new projects, "there are new licensing rounds for unexplored oil patches. I guess that there will be shares for Russian companies in this matter." Ended 29 / h
, Director of the Technical Department of the Iraqi Ministry of Oil, Ali Ward Hammoud, said that Iraq is interested in partnering with Russian oil companies, and called on Russian companies to participate in new licensing rounds for unexplored oil patches.
Hammoud said today, Friday, that "in the near future, plans will be drawn up to develop these fields, and I mean here the Eridu and Al-Salman fields for the purpose of accelerated production and commercial production."
He continued, "There is great optimism through drilling wells and exploration that the oil columns in the wells and the stock are very large, which will provide Iraq with a large production capacity, by 200 thousand barrels per day from the Arido field, and the Salman field, which is operated by the Basneft Company, is now in the evaluation stage, but there is commercial evidence for this field." .
He added, "There are plans for Lukoil in the Arido field (10th block), and this field has excellent oil evidence, and the first production from this field will be in the year 2025."
He pointed out that with regard to new projects, "there are new licensing rounds for unexplored oil patches. I guess that there will be shares for Russian companies in this matter." Ended 29 / h
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