Hydro Signs Cooperative Agreement with Iraq

Source: www.gulfoilandgas.com 6/9/2005, Location: Middle East

Hydro and Iraq's Petroleum Ministry have signed a cooperative agreement. According to the agreement, Hydro will assist the Ministry by providing training, consultancy and technical studies.
Early this autumn, three teams of engineers will come to Norway to take part in a four-week long petroleum training program that will focus on modern working methods and the use of software for multi-disciplinary teams.

As part of the agreement, Hydro will be given the opportunity to carry out studies of proven oil fields in Iraq that have not yet come on stream. A project team will be set up in Norway and Iraqi nationals will join the team.

Following the agreement reached between Norway's Ministry of Petroleum and Energy and the Iraqi Petroleum Ministry, an agreement has been signed regarding oil sector support between the Norwegian Petroleum Directorate and the Iraqi Ministry. Hydro and Statoil have been invited to take part in this work. The project's scope is currently subject to discussion, though it will focus on Iraq's drive to restore its standing as an oil producer and supplier.

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