By John Lee.
Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra.
He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy.
The Minister highlighted the importance of the Faw-1 project, noting that the block lies on the border with Kuwait and Iran, and confirmed that development by China's UEG is progressing successfully.
According to Abdul Ghani, the Faw block will contribute additional crude production capacity while also enhancing investment in associated gas to supply fuel for power generation. He stressed the Ministry's plans to adopt modern technology and professional standards in oil and gas projects.
The ceremony was attended by Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, Director General of Basra Oil Company (BOC), Bassem Abdul Karim, representatives of UEG, and senior officials from the Basra Oil Company.
The Faw block was one of the exploration and development areas offered in Iraq's fifth supplementary and sixth licensing rounds held last year, with UEG awarded the development contract.
(Source: Ministry of Oil)
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