Tag Archives | drilling

IDC to Drill Oil Wells at Nasiriya

By John Lee. The Iraqi Drilling Company (IDC) has signed a contract with the Dhi Qar Oil Company to drill 20 wells at Nasiriyah oil field. Fayyad Hassan Nehmeh, Undersecretary for Extraction Affairs, said the new wells will increase the field’s oil production by 40,000 bpd, in addition to the investment of gas associated with […]

New Drilling Contracts Awarded at Majnoon

By John Lee. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. China’s Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 […]

TAQA Acquires Schlumberger’s Iraq Business

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) has announced that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SAR 1.56 billion). According to a TAQA press release, the transaction transforms ADC into a regionaldrilling leader […]

Zhongman starts Drilling in Diyala Province

By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly started drilling its first oil well in Iraq’s eastern province of Diyala on Tuesday. The mayor of Qazaniya told Xinhua that it is more than fifty years since an oil well was drilled in Diyala province. Mazin al-Khuzaie added that […]

Successful Appraisal Drilling at Eridu Field in Iraq

Lukoil and Inpex Corporation have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved the current geological model of […]

Lukoil Drills New Production Wells at West Qurna-2

Russian oil company Lukoil has commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at West […]

New Contract for Drilling 40 Wells at Majnoon

By John Lee. Iraq’s Basra Oil Company (BOC) has agreed a deal with the state-owned Iraqi Drilling Company (IDC) to drill 40 new oil wells in the giant Majnoon oilfield. In a statement on Thursday, the Ministry of Oil said the aim is to increase production at the field to 450,000 barrels per day (bpd) […]

Halliburton Wins New Drilling Contract in Iraq

US-based oil services company Halliburton has today announced it has signed two contracts with Eni Iraq BV to provide integrated drilling services at Eni’s Zubair oilfield in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years. Mahmoud El-Kady, vice president of the Iraq […]

Schlumberger to Drill 40 Wells at Majnoon

By John Lee. US-based Schlumberger has won a deal with Iraq’s Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield. In a statement on Wednesday, the Ministry of Oil also announced that the BOC had entered into a 19-month contract with the Iraqi Oil Exploration Company to carry out 2D and 3D […]

Schlumberger Wins 30-Well Deal in Iraq

By John Lee. ExxonMobil Iraq Limited has awarded Schlumberger a 42-month IDS contract for 30 wells in the West Qurna Field. The contract includes the provision of drilling rigs and multiple technologies and services, and the first well was spud in July. The announcement was made in the company’s Third-Quarter 2018 Results on Friday. (Source: […]

Oil Production to Start at Block 10 in 2021

By John Lee. Russia’s Lukoil will start production at Block 10 in 2021, according to a report from Platts. The Chinese company Bohai has started to drill the 4th well at the block in southern Iraq. In February 2017 Lukoil announced Iraq’s largest discovery of oil for twenty years at the Eridu field in Block 10, […]