U.S. firm Weatherford embarked on drilling a new oil well in eastern al-Amara city on Sunday, as part of a $224 million [262 billion Iraqi dinars] deal to drill 20 wells in 0rder to increase oil production, said Missan Oil Company’s information director.
“Weatherford started drilling the new well in the al-Bazrakan oilfield, (70 km) eastern Amara,” Ali Abbas al-Tarfi told Aswat al-Iraq news agency.
“The step is the first in a deal to drill 20 oil wells to increase the productivity of the province’s oilfields that now yield 100,000 barrels per day,” he added.
Tarfi noted that the production capacity for each well will be ranging between 20,000 and 30,000 bpd.
“The investment contract concluded with the company requires the wells to be drilled within 31 months,” he said.
Missan is home to six productive oilfields – al-Bazrakan, Abi Gharb, al-Fokka, al-Halfaya, al-Amara and the Majnoon filed that is shared with the South Oil company.
The province also has five explored non-productive oilfields – al-Huwayza, al-Rafie, Rafidain al-Sharqi, al-Dujaila and Kemit.
One of the largest oilfield services companies, Weatherford operates in more than 100 countries and employs more than 50,000 people worldwide. With a product and service portfolio that spans the life cycle of a well - drilling, evaluation, completion, production and intervention - and a robust research and development effort, the company is well positioned to meet the ever-evolving needs of the oil and gas industry.
(Source: Aswat al-Iraq)