Two new sub-contracts have been granted for two local companies to participate in developing the Badra oil field in southern Iraq’s Wassit Province, Aswat al-Iraq reports on Thursday.
“The Russian Gasbromneft Company [Gazprom Neft], which won the contract to develop [the] Badra oil field, 90 km to the east of Kut … has decided to grant two sub-contracts for two local companies to participate in the development works of the oil field,” a source told the news agency.
He said the Russian company had also granted “the local Arab Gulf Company, to carry out the works of eliminating mines and war remnants from the oil field’s site and its surrounding areas”. The work is expected to continue until May.
“Another Iraqi company, specialized in oil and gas excavation works, was granted a sub-contract to carry out seismic works at the Badra oil field, to continue till April next,” he said.
Badra is planned to produce 15,000 barrels of oil per day (bpd) by the year 2013, according to the contract concluded between the company and the Iraqi Ministry of Oil.
(Source: Aswat al-Iraq)