By John Lee.
Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture.
The signing ceremony took place under the patronage of Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdulghani Al-Sawad.
Deputy Minister for Upstream Affairs, Bassem Mohammed Khudair, stated that the Ministry will move forward with negotiations to reach a final contract in line with Iraq's oilfield development plans.
Saeed Zgair Shlaka, Director General of Dhi Qar Oil Company, said the aim is to boost crude production and expand facilities for gas processing, compression, and dehydration to enhance gas utilisation at both fields.
Attendees included the Directors General of the Petroleum Contracts and Licensing Directorate (PCLD), the Reservoirs and Field Development Directorate, the Studies, Planning and Follow-Up Directorate, and deputies from the Technical and Contracts Directorates.
The HOA is not legally binding.
(Source: Ministry of Oil)
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