By John Lee. Preliminary principles agreements have been signed covering the transfer and development of several oil fields in southern and central Iraq. The first agreement was signed between Basra Oil Company (BOC) and US oil major Chevron for the transfer of management of the West Qurna 2 field. A second agreement was signed between […]
By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah, Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state-run Iraqi News Agency (INA) that the company has increased output from the Nasiriyah and Subba […]
By John Lee. Russia's Gazprom and its consortium partners have signed the first amendment to the service contract for the Badra oilfield with Iraq's Midland Oil Company (MdOC). The signing ceremony, held on Thursday, was attended by Bassem Mohammed Khudair, Deputy Minister for Upstream Affairs; Russian Ambassador Elbrus Kutrashev; the Director General of Dhi Qar […]
By John Lee. The Council of Ministers has approved amendments to the Nasiriyah Field Expansion Project (100,000 barrels/day) managed by Dhi Qar Oil Company (DQOC). The changes include adopting the EPC (Engineering, Procurement, and Construction) model instead of the EPCF (Engineering, Procurement, Construction and Financing Contract) contract and revising the project's total cost. Funding-related provisions […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a contract with the Dhi Qar Oil Company to drill 20 wells at Nasiriyah oil field. Fayyad Hassan Nehmeh, Undersecretary for Extraction Affairs, said the new wells will increase the field's oil production by 40,000 bpd, in addition to the investment of gas associated with […]
Russia's Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq. The testing resulted in the commercial flow of dry crude oil that proves the current geological model of Eridu field as effective. Lukoil continues geological exploration at Block 10. For instance, […]
By John Lee. Iraq has this week established the Dhi Qar Oil Company (DQOC), which will take over responsibility for the Nassiriya and Garraf oil fields. The South Oil Company (SOC) has been renamed the Basra Oil Company (BOC), following the transfer of the Dhi Qar assets to the new company. (Source: Reuters)
