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Adding 25 billion barrels of oil to the national reserve
The first 06/13/2024
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The Petroleum Exploration Company in the Ministry of Oil added a reserve estimated at 25 billion barrels of oil to national production.
The company's general manager, Dr. Osama Raouf Hussein, explained in an interview with "Al-Sabah" that this addition will support the Iraqi economy and the plans of the Ministry of Oil for development and production operations, indicating the existence of an integrated five-year plan in seismic survey operations and the exploratory drilling project, which is part of the government program. .
Hussein added that the company will drill and implement 3 exploratory wells during the current year, noting that there are ongoing negotiations to sign contracts for two- and three-dimensional seismic surveys, through contracts with international companies that were selected in the supplement to the fifth complementary and sixth licensing rounds.
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