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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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    Government plans to operate stalled equipment in oil fields

    Rocky
    Rocky
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    Join date : 2012-12-21

    Government plans to operate stalled equipment in oil fields Empty Government plans to operate stalled equipment in oil fields

    Post by Rocky Sat 24 Feb 2024, 4:47 am

    Government plans to operate stalled equipment in oil fields

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    Economy News - Baghdad
    The Ministry of Oil confirmed, on Friday, that the Council of Ministers’ decision to increase the financial authority of the Iraqi Drilling Company will create high flexibility, while revealing a plan to operate the equipment parked in the oil fields.
    The Director General of the Iraqi Drilling Company, one of the Ministry’s formations, Khaled Hamza Abbas, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “The Council of Ministers decided to increase the financial authority of the Director General of the Iraqi Drilling Company to 30 billion dinars, in order to meet the need for... The drilling company maintains and rehabilitates the service equipment attached to the drilling towers.
    He pointed out that "this decision will create high flexibility, especially with regard to sustaining the activity of equipment working in the field of drilling and reclamation, and reduce downtime hours, and thus will reflect positively on the performance of the work, in addition to providing the requirements of field operators (licensed companies) and acceptable inspection certificates according to the standard." Drilling Industry (API)”.
    He added, "The company's plan includes focusing at this stage on operating the stalled equipment in the oil fields, with 67 drilling wells and 146 reclamation wells."
    He expressed his "aspiration to develop capabilities in some works related to well services, in cooperation with partners from local and foreign companies."



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