Iraq Advances Development of Exploration Block 3

By John Lee.

Bassem Mohammed Khudair, Undersecretary for Extraction at Iraq's Ministry of Oil, chaired a high-level meeting on Thursday to discuss the development of Exploration Block 3.

Key Discussion Points:

• Participants: Senior officials attended, including the Directors General of the Oil Exploration Company (OEC), Midland [Middle] Oil Company (MdOC), Petroleum Contracts and Licensing Directorate (PCLD), and Reservoirs and Field Development Directorate.
• Project Timeline: The meeting focused on the exploration contract and setting a clear timeline for its implementation in partnership with Indonesia's Pertamina.
• Strategic Focus: Khudair underscored the importance of expanding exploration into untapped areas to enhance national hydrocarbon reserves, calling for strong inter-agency coordination to meet development goals within defined timeframes and efficiency standards.

(Source: Ministry of Oil)