Iraq Shaping New Oil Production Plans

Source: Reuters 12/30/2015, Location: Middle East

Iraq is developing a new strategy for its southern oil fields in relation to the ongoing Common Sea Water Supply Facility project, which opened bidding for completion last year.

ExxonMobil and PetroChina were approached to invest in the critical strategic water injection project, which has been long delayed.

In a statement to Reuters, Iraq’s South Oil Company deputy chairman Basim Abdul Kareem said that the new water injection project will also target smaller fields in southern Iraq, such as the Nasiriyah field, in the hope of raising the output of these fields by around 100,000 barrels, to 350,000 bpd.

The project’s main goal, to boost production at the giant fields of Majnoon, Rumaila, West Qurna and Zubair, will continue, operated by the major IOCs who are working on those fields–BP, Shell, Eni and Lukoil.

Abdul Kareem noted that any new contracts would not be service contracts, and that they would be designed to be beneficial to all under low price scenarios.


Guyana >>  4/12/2024 - ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory a...
Guyana >>  4/12/2024 - - Whiptail development receives government approval; production targeted to begin in 2027
- Sixth Stabroek Block development will add gross prod...


Denmark >>  4/11/2024 - BlueNord ASA ("BlueNord") is pleased to announce that the Tyra Redevelopment Project ("Tyra" or "Tyra II") continues to progress according to plan wit...
United Kingdom >>  4/10/2024 - Hartshead Resources outlines that the P2607 Joint Venture (JV) is continuing work on the Phase 1 Gas Field Development. The JV is committed to progres...

Norway >>  4/8/2024 - DNO ASA, the Norwegian oil and gas operator, today announced that a final investment decision has been made for the development of the Brasse field, t...
Iraq >>  4/4/2024 - Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani, arrived in Wasit Governorate and met with its governor, Mr. Muham...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.