Iraq Issues Tenders to Drill 40 Oil Wells

Source: Reuters 2/11/2009, Location: Middle East

Iraq's South Oil Company on 11 February 2009 issued tenders for international firms to drill a total of 40 oil wells in two of its southern oil fields. A statement posted on the company's website invited bidders to drill 10 oil wells in the Nahr bin Omar field and 30 others in the giant Majnoon field near the southern city of Basra. Bids must be submitted by March 1.

The South Oil Company plans to raise output by up to 400,000 barrels per day (bpd) by the end of 2010 and is also working on boosting export facilities.

Current output at Majnoon and Nahr bin Omar are each currently around 50,000 bpd, a senior engineer who declined to be named said.

Iraq has the world's third-largest proven oil reserves, and needs revenues from crude sales to rebuild after decades of war and sanctions, but conflict has degraded its oil infrastructure and kept foreign firms away.

Iraq threw its doors open to international investment in its oil sector last June, and has announced two bidding rounds for oil and gas field development service contracts.


Guyana >>  8/5/2022 - The drilling of the Beebei-Potaro exploratory well, located in the Kanuku licence, off the coast of Guyana, has been finished, according to Tullow Oil...
Australia >>  8/4/2022 - - 21 stages were stimulated, which is the greatest number of stimulation stages in a single well in the Beetaloo to date
- Delivered 927m of st...


Romania >>  8/4/2022 - Serinus Energy plc ("Serinus") (SEN), is pleased to announce that the drilling of the Canar-1 exploration well in Romania commenced.

...

Norway >>  8/3/2022 - The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for well 6507/8-11 S in production licence PL 124.

Oman >>  8/2/2022 - Maha Energy AB (publ) is pleased to announce the signing of an Agreement with Gulf Drilling LLC (“Gulf”) a wholly owned subsidiary of MB Petroleum Ser...
Norway >>  8/1/2022 - Longboat Energy, the emerging full-cycle North Sea E&P company, is pleased to announce the commencement of drilling operations on the Oswig exploratio...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.