The Missan Oil Company (MOC) has announced that it has finished building a 1,700-metre runway in the Halfaya area.

It will be used to transport employees of companies like CNOOC and Petrochina to and from the international airport at Basra.

Mr. Ali M. Al-Bahadli, the director general of the MOC, said the runway is 30 metres wide, and can cater for airplanes carrying up to 50 passengers.

Production at Maysan is estimated to increase to one million barrels per day by 2017.

(Source: Ministry of Oil)

By John Lee.

The Missan Oil Company has finished drilling one of the new wells at the al Halfaya field.

Director General of the company, Ali Imurig Soadj, said that the BOHI company, contracted by Petrochina, completed the HF-107-K107 well at the al Mushrif reservoir.

Thirty-five wells have been drilled at Halfaya, including 8 old wells which have been repaired.

Production at the field is now about 122,000 barrels per day, of which about 105,000 bpd are exported from Basra.

(Source: Missan Oil Company)

By John Lee.

Missan Oil Company has announced that the US company Weatherford has successfully completed an oil well at the Bazargan field.

It has also rehabilitated another well in the same field, and one at the Faqa oil field.

According to a report from AIN, this brings the number of wells Weatherford completed at Bazargan to 17, from a total of 20 in the contract.

(Source: AIN)

By John Lee.

The Missan Oil Company (MOC) has announced the completion of the exploratory oil well in the Deema-1 [Dima-1] formation.

Oil Minister Abdul Kareem Luaibi [Elaibi] said that the Deema oil field, which is located in Maysan governorate, was completed 100 percent successfully, and in a record time, without any problems by the MOC and the Iraqi Drilling Company (IDC), using the rig “Oil Well/21″.

The Minister said a giant reserve of light oil (API=31-33) was found in depth of 150 meters.

The MOC paid IDC $13,940,700 for drilling, hardware and operations, in addition to IQD 4,233,618,750 for the oil rig operation. And the project took 210 days to completion, which is considered a record time.

(Source: Ministry of Oil)

By John Lee.

AIN reports that Iraq has approved the construction of a new power station in Maysan province.

The head of the Provincial Council, Abdul Hussein Abdul Reda, said that the country’s Ministry of Planning had approved a scheme to build a station of between 200 and 250 Megawatts.

Iraq’s Ministry of Oil and Missan Oil Company are ready to fuel the new facility, which is expected to be completed this year.

(Source: AIN)

By John Lee.

The Province of Missan has emerged as a major oil producer in Iraq as more of its oil fields come on stream.

Ali Muaarij, the head of Missan Oil Company, said foreign firms are developing these fields and currently the province produces 230,000 bpd.

He said he expected the Missan fields to produce up to 400,000 bpd by the end of the year, and more than 1 million bpd by 2017.

According to the report from Azzaman, Muaarij said his company has granted China Petroleum Pipeline (CPP) a $650-million contract to build a 300-kilometer pipeline to link Missan fields with storage depots 0n the Gulf.

(Source: Azzaman)

By John Lee.

Iraq has announced that it has discovered deposits of crude oil equivalent to one billion barrels of oil, following the first exploration work by state-owned firms in almost 30 years.

The new oil find in Maysan [Missan] province, near the border with Iran, and could potentially make a significant addition to Baghdad’s reserves, which are currently listed as 143.1 billion barrels of oil and 3.2 trillion cubic metres (111.9 trillion cubic feet) of gas.

The Maysan Oil Company [Missan Oil Company] made the discovery south of provincial capital, Amara.

(Sources: AFP, Business Insider)

By John Lee.

A member of the Energy Committee in Maysan Provincial Council has called on the Ministry of Oil to grant the province the right to take part in running the oil sector in the province, according to a report from AIN.

Ammar Nasrallah told the news agency:

“We call to apply the constitutional article No 112 which grants the oil producing provinces the right to participate in administrating the oil sector and form strategic policies … [The] Ministry of Oil violated this article through concluding contracts with oil companies without informing the provinces.

“We have reservations concerning thse contracts being unconstitutional, among them a 20-year contract concluded with PetroChina.“

Half of Missan’s production is from the Halfaya oilfield, in which PetroChina, a subsidiary of China National Petroleum Corp (CNPC), China’s largest energy producer, holds a 37.5 percent stake; Total and Petronas each hold a 18.75 percent stake, with Iraq’s state partner holding the remaining 25 percent.

(Source: AIN)