West Qurna 1 to See 8 New Wells

The initial development plan agreed by Exxon Mobil (XOM.N) and its partners for Iraq’s West Qurna Phase One oilfield includes drilling eight new wells and overhauling up to 50 wells this year to boost output, an Iraqi oil official said on Monday.

International oil service companies will be invited to drill four new wells and state-run Iraqi Drilling Company is already working on drilling the remaining four planned for this year to increase production beyond current output of 225,000 barrels per day (bpd), Bassem Abdul Karim, head of the Operation Department in the South Oil Co., told Reuters in an interview.

“We will issue a tender for the other four wells … and there will be workover (tenders) for 45 to 50 wells until the end of the year,” he said in his office in the southern oilfield of Zubair. (Reporting by Ahmed Rasheed, Rania El Gamal and Aref Mohammed; editing by Jim Loney)

( Reuters )

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