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.

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.

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.

The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots.

The chief of state-run Maysan Oil Company, Ali Maarij, told Reuters, that the line will expand the export capacity from the oilfields of Maysan and Halfaya, and other small fields. “It will definitely remove all exports constrictions“, he added.

The 300-km (186-mile) 42-inch export pipeline should be operational at the start of 2014, facilitating a planned increase in output from the current 230,000 bpd to around 400,000 bpd.

It will replace an existing outdated 28-inch pipeline currently shipping crude from the southern fields in Ammara to storage facilities near the city of Basra.

(Source: Reuters)

By John Lee.

The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region.

During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan.

(Source: AIN)

By John Lee.

South Korea’s STX Heavy Industries has said it has won a $150-million order to construct and operate a power plant in Amara, in Missan province.

Under the turnkey contract signed with Iraq’s Ministry of Electricity, STX will take responsibility for the operation and maintenance of the plant for a year after its completion.

It will be equipped with four 125-megawatt gas turbines, and is to be completed by June 2014.

A 200-MW, diesel-fueled station to the north of Amara was also built by STX and opened in June.

Reuters reports that in July STX won a $195-million contract from a consortium led by Italian energy company ENI to build an oil and gas processing plant in Basra.

(Source: Reuters)