By John Lee.
The state-owned Midland Oil Company (MdOC) has announced the signing of a contract to drill eight wells (4+4) in the Naft Khana block in Diyala province.
The deal was signed between NK Petroleum Limited, the block's operator, and a consortium comprising Zhongman Petroleum (ZPEC) and H&L Petroleum DMCC, which Iraq Business News understands to be Chinese owned.
The signing ceremony was overseen by Midland Oil's Director General, Eng. Mohammed Yassin Hassan, in the presence of senior technical and administrative officials, as well as the head of the Joint Management Committee, Mr. Firas Nadhim Hassan.
The wells, with planned depths ranging from 3,500 to 5,000 metres, will start with the drilling of the first well at Tel Ghazal field in the near future. Eng. Hassan emphasised that this step follows extensive technical and field preparations, including 2D and 3D seismic surveys, mine clearance, and technical and non-technical assessments, creating a safe operating environment for the project.
He further instructed that all logistical and technical challenges be addressed swiftly in coordination with relevant authorities to ensure timely execution of the drilling programme and expedite the transition to production.
The Naft Khana block, covering an area of 2,450 km², contains four oil and gas fields and eight exploration structures. Its development is expected to increase gas supply for power generation, create jobs for local communities, and contribute positively to the national economy.
China's Geo-Jade Petroleum was awarded the contract to develop the field in the fifth energy licensing round.
(Source: MdOC)
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