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Kuwait energy will spend $ 80 million on exploration in Iraqi field
2013-01-14
Baghdad/JD/...
Detect President Board of Directors, Kuwait energy, Mansour bokhmsin,
the company will sign a contract for exploration for oil in block No. 9
in the Basra governorate in Iraq on Jan. 27, noting that according to
the terms of the contract have an obligation to spend $ 80 million on
exploration in the field.
Bokhmsin said in a press statement: the
development of the field will cost $ 1 billion and the company will
after signing a contract to take delivery of the official site of the
Iraqi Government to begin working through a study of the location of the
field and then mine in the region in preparation for a sophisticated
seismic survey for oil and gas, noting that work in the field will take 3
to 4 years to reach commercial production operations.
Bokhmsin said
that under the contract Kuwait energy will develop this important
sector, which is one of the best sectors posed by Iraq in the fourth
round of licenses, expected to be return to Kuwait energy 6.25 dollars
per barrel the company production, pointing out that the company won the
bid with the consortium which includes the Dragon inside of a number of
specialized companies and global alliances.
Bokhmsin said that the
first entry to Kuwait energy in Iraq, the company has already entered
Iraq since 2010 through existing projects, this third project is the
largest and bulkiest and thrown in the fourth round of licenses in June.
The
Kuwait energy share in the project is estimated at approximately 70%
share of the UAE as the company Dragon 30%, saying "Kuwait energy» able
to provide all the funds required for the development process.
/Finished/22
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fdananernews.com%2FNews_Details.php%3FID%3D2666
2013-01-14
Baghdad/JD/...
Detect President Board of Directors, Kuwait energy, Mansour bokhmsin,
the company will sign a contract for exploration for oil in block No. 9
in the Basra governorate in Iraq on Jan. 27, noting that according to
the terms of the contract have an obligation to spend $ 80 million on
exploration in the field.
Bokhmsin said in a press statement: the
development of the field will cost $ 1 billion and the company will
after signing a contract to take delivery of the official site of the
Iraqi Government to begin working through a study of the location of the
field and then mine in the region in preparation for a sophisticated
seismic survey for oil and gas, noting that work in the field will take 3
to 4 years to reach commercial production operations.
Bokhmsin said
that under the contract Kuwait energy will develop this important
sector, which is one of the best sectors posed by Iraq in the fourth
round of licenses, expected to be return to Kuwait energy 6.25 dollars
per barrel the company production, pointing out that the company won the
bid with the consortium which includes the Dragon inside of a number of
specialized companies and global alliances.
Bokhmsin said that the
first entry to Kuwait energy in Iraq, the company has already entered
Iraq since 2010 through existing projects, this third project is the
largest and bulkiest and thrown in the fourth round of licenses in June.
The
Kuwait energy share in the project is estimated at approximately 70%
share of the UAE as the company Dragon 30%, saying "Kuwait energy» able
to provide all the funds required for the development process.
/Finished/22
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fdananernews.com%2FNews_Details.php%3FID%3D2666
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