Missan Oil Output to Rise 70% in 2011

Oil production in Missan [Maysan] will reach 170,000 barrels per day by the end of 2011, compared to 2010’s production of 100,000 bpd, according to a director of the Missan Oil Company on Sunday.

“The 70,000 barrels increase will come from the development of  the Halfaya oil field and the drilling of new wells,” Ali Maarij told Aswat al-Iraq news agency.

“A Chinese company and its consortium of other companies have conducted seismological surveys, removed landmines, and set up three drilling towers in Halfaya, 35 km east of al-Amara city, in a bid to drill more wells,” he said.

The Halfaya field was awarded in Iraq’s second licensing round to CNPC (China), Petronas (Malaysia), and Total (France).

(Sources: Aswat al-Iraq, Ministry of Oil)

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