Custom Search

Iraqi Drilling Company, Rig 54, drilling oil well J120P at Gharraf (Min of OIl)

IDC completes two Drilling Projects in Iraq


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field.

The company's general manager, Engineer Basem Abdel Karim Nasser, said this was part of the contract with Dhi Qar Oil Company (DQOC) to drill 20 oil wells at the field in cooperation with US-based Weatherford.

Drilling operations were carried out over 18 months using the IDC 44 drilling rig.

IDC has also recently completed the drilling of oil well J120P in the Al-Gharraf field, which reached a depth of 3,037 meters.

Nasser said this was the thirteenth well drilled as part of the contract with the Malaysian Petronas company to drill 28 directional oil wells in the Al-Gharraf oil field in Dhi Qar Governorate.

The work was carried out using the IDC 54 drilling rig (pictured), which has a power of 2000 HP.

The company owns 43 drilling and reclamation rigs distributed in the Iraqi oil fields.

(Source: Ministry of Oil)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on IDC completes two Drilling Projects in Iraq

Iraqi Drilling Company (IDC) at Nasiriyah oil field

IDC starts Drilling 20 Oil Wells at Nasiriyah


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

The Iraqi Drilling Company (IDC) has started work on the first of its 20 oil wells at the Nasiriyah oil field in Dhi Qar.

IDC's Director General, Basem Abdul Karim, said that the project is part of a contract with the Dhi Qar Oil Company (DQOC) in cooperation with Weatherford.

The planned depth of the well is 2,200 meters.

The project is to be completed within 18 months.

(Source: Ministry of Oil)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on IDC starts Drilling 20 Oil Wells at Nasiriyah

Weatherford rig 842 (GKP)

Weatherford signs 18-Mth Deal in Iraq


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

Weatherford International has announced that it has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.

Basim M. Khudair, General Director for IDC, said:

"Signing this contract between IDC and Weatherford is a great accomplishment for both parties. It sets the right ground for our mutual and constructive joint cooperation in the future."

IDC will provide rigs, civil works and drilling services; Weatherford will provide project management and all other associated services. The operation will be performed with four rigs provided by IDC.

Frederico Justus, President, International Operations, Weatherford, noted:

"This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract."

IDC is a leading Iraqi service company focusing on rig services and is a key player in the nationalization program for the country's oil and gas sector.

(Source: Weatherford)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on Weatherford signs 18-Mth Deal in Iraq

Zhongman (ZPEC)

China's Zhongman wins $27m Iraqi Drilling Contract


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly announced a new drilling contract with Weatherford in Southern Iraq.

Chinese media reports that the deal is worth approximately $27 million, and follows another contract with Weatherford in Iraq agreed in December.

The oil field was not identified.

(Source: Eastmoney)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on China's Zhongman wins $27m Iraqi Drilling Contract

Weatherford rig 842 (GKP)

Weatherford Wins New Business in Iraq


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

Weatherford International plc (OTC-PINK:WFTIQ) has announced it has been awarded two fully integrated rig contracts and one well services (through-tubing intervention) contract with a multinational operator in one of the world’s largest proven oil fields located in Iraq.

Frederico Justus, President of the Eastern Hemisphere for Weatherford, said:

Weatherford has operated in Iraq since 2006, longer than any other multinational oilfield services provider.

“During that time, Weatherford proved to operators in Iraq that its capabilities across the life of the well reduce costs, enhance safety and maximize production efficiency.

"This experience gave the operator confidence in our ability to execute these turnkey drilling projects in one of their most strategic global locations.

For the next two years, Weatherford will provide integrated services to drill development wells in one of Iraq’s most productive oil fields.

For the next five years, Weatherford will provide in-country support and specialized well services, including workshop services, fishing, milling, water shutoff and zonal isolation.

(Source: Weatherford)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on Weatherford Wins New Business in Iraq

ADES International

ADES Expands into Southern Iraq


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

ADES International Holding Ltd., a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa, is to expand into Southern Iraq.

The company will acquire two idle land rigs in Iraq from Weatherford, as part of a $287.5-million deal to buy 31 rigs from the Swiss-based company.

Commenting on the transaction, Dr. Mohamed Farouk, Chief Executive Officer of ADES International Holding, said:

"We are truly delighted to have signed this agreement with Weatherford ... [which] significantly expands ADES' total fleet and more than doubles its operational fleet"

(Sources: ADES International Holding Ltd., Weatherford)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on ADES Expands into Southern Iraq

Weatherford oil drilling

Weatherford has "largely completed" Zubair Project


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

In its First Quarter 2016 Results, oil services company Weatherford said that it has now largely completed its Zubair project in Iraq.

Net cash expenditure on the project to date amounts to $47 million.

Shares in Weatherford have fallen by almost 30 percent since the results announcement.

(Source: Weatherford, Yahoo!)

Posted in Iraq Oil & Gas News
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
3 Comments

corrupion - shutterstock_141755548

New Allegations of Massive Corruption in Iraq Oil Industy


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya.

Following examination of tens of thousands of emails, the report says that Unaoil channelled huge bribes to government officials on behalf of its clients to help win billions of dollars worth of government contracts.

In Iraq, it accuses the company, and its country manager Basil Al Jarah, of arranging bribes for clients including Rolls-Royce, Petrofac, Clyde Pumps, Weatherford, Cameron/Natco, FMC Technologies, Saipem, SBM Offshore, MAN Turbo, Rosetti Marino, ABB, The Shaw Group, Core Labs, Leighton Offshore, Weir and Hyundai.

Public officials allegedly implicated include Dr Hussain al-Shahristani, former Minister for Oil and current Minister for Education, who has denied any wrongdoing; Abdul Kareem al-Luaibi [Elaibi], former Minister for Oil; Kifah Numan, Director General of the South Oil Company (SOC); Dhia Jaffar also a Director General of the SOC and since last year a Deputy Minister for Oil in the Iraqi government; and Oday al-Quraishi (SOC).

According to the report, "Unaoil made Dhia Jaffar and Oday al-Quraishi wealthy men."

Family owned and controlled, Unaoil was founded by the Iranian-born Ata Ahsani, who left Tehran at the time of the Islamic revolution. The company says it "strenuously [denies] any wrongdoing and consider[s] the allegations to be baseless and entirely false."

The original story can be read in more detail here.

(Source: The Age)

(Corruption image via Shutterstock)

Posted in Construction & Engineering In Iraq, Iraq Oil & Gas News, Security
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
5 Comments

radioactive material - shutterstock_377620792

Missing Radioactive Material Located


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

Radioactive material that went missing in Iraq in November has been found, apparently undamaged, on Sunday near a patrol station in Zubair.

The chief of the security panel at the Basra Provincial Council told Reuters:

"A passer-by found the radioactive device dumped in Zubair and immediately informed security forces which went with a special radiation prevention team and retrieved the device.

"After initial checking I can confirm the device is intact 100 percent and there is absolutely no concern of radiation."

(Sources: CNN, Reuters)

(Radioactive material image via Shutterstock)

Posted in Security
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on Missing Radioactive Material Located

radioactive material - shutterstock_377620792

Weatherford, SGS deny Responsibility for Stolen Radioactive Material


Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 71

By John Lee.

The International Atomic Energy Agency (IAEA) has told Reuters of a theft a radioactive source in Zubair.

The industrial radiography device is described Ir-192 in a shielding container, which is classified as a Category 2 radioactive substance, meaning that if not managed properly it could be fatal to someone exposed for a period of hours to days.

SGS, the testing company which was using the material at a Weatherford site, issued the following statement:

"SGS Turkey was hired by the oil services company Weatherford to perform standard non-destructing testing activities on pipes at an oil field in Southern Iraq. The equipment used for these services is equipped with a low level radioactive source.

"The site where these operations are conducted is fully secured and guarded by security guards under the responsibility of the owner of the site. SGS does not assume any responsibility for the site security and does not control accesses. SGS is one of many contractors active on the site.

"When not in use, the equipment and radioactive source are stored in a secured bunker designed for that effect and provided by Weatherford. The disappearance of the equipment occurred while the equipment was stored in the Weatherford bunker. The loss was discovered on November 3, 2015.

"SGS Turkey/Erbil Branch Office immediately notified the Iraqi authorities and fully cooperated with the investigation conducted by the competent authorities."

Meanwhile, Weatherford has told Reuters:

"Weatherford has no responsibility or liability in relation to this matter because we do not own, operate or control sources or the bunker where the sources are stored.

"SGS is the owner and operator of the bunker and sources and solely responsible for addressing this matter."

(Sources: SGS, Reuters)

(Radioactive material image via Shutterstock)

Posted in Iraq Oil & Gas News, Security
Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79

Warning: Use of undefined constant woothemes - assumed 'woothemes' (this will throw an Error in a future version of PHP) in /srv/users/ibn/apps/ibn/public/wp-content/themes/canvas/page-70218.php on line 79
Comments Off on Weatherford, SGS deny Responsibility for Stolen Radioactive Material