By John Lee. The head of the state-run Maysan Oil Company (MOC) has told Reuters that China National Petroleum Corporation (CNPC) can go ahead with plans to double output at Halfaya (pictured) to 400,000 bpd if it agrees to be reimbursed when the additional oil is actually produced. Adnan Noshi denied Iraqi media reports that the […]
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Tags: China National Petroleum Corporation (CNPC), featured, HaLFAYA, Maysan Oil Company, Missan Oil Company, MOC
Halfaya Oil Targets Reduced
By John Lee. The Missan Oil Company has announced an agreement with the China National Petroleum Corporation (CNPC) to reduce the final production target for the Halfaya oilfield from 535.000 barrels per day (bpd) to 400.000 bpd. As a result, production will be extended from 20 years to 30 years. CNPC has a 37.5 percent […]
Chinese Firm Suspected of Fraud
By John Lee. China's Caixin has reported that the Missan Oil Company (MOC) has suspended all activities of a company called Hermic, an oilfield service company controlled by former executives of the China National Petroleum Corp. (CNPC). Hermic is said to have won at least 12 engineering outsourcing contracts worth US$75 million from CNPC at the […]
Tags: China, China National Petroleum Corporation, CNPC, Corruption, DRK Energy, HaLFAYA, Hermic, Maysan, Maysan Oil Company, Missan, Missan Oil Company, Power Petroleum
Ribbon Cut on new Bazurgan-Halfaya-Fao Pipeline
By John Lee. The Director General of Missan Oil Company has cut the ribbon on the 272-km crude oil pipeline from Buzurgan to Halfaya and onward to the tanks reservoir at al-Fao [al-Faw]. It starts from meeting point of the two lines from Buzurgan and Halfaya. The 42-inch-diameter pipeline was built in cooperation with the […]
Tags: Al Fao, Al Faw, Basra News, Bazargan, Bazergan, Bazerkan, Bazirgan, CBC, China, HaLFAYA, Maysan, Maysan Oil Company, Missan, Missan Oil Company, PetroChina, pipelines, South Oil Company (SOC), State Company for Oil Projects (SCOP)
China's CPECC Wins $548m Halfaya Contract
By John Lee. Reuters reports that the China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of the China National Petroleum Corporation (CNPC), has won a $548-million service contract to develop the Halfaya oilfield. The company will handle engineering, procurement, construction and commissioning work at the oilfield, which is forecast to produce […]
China Shares $317m Pipeline Contract
By John Lee. The Wall Street Journal reports that the China Petroleum Pipeline Engineering Corp. (CPPE) and Iraq's State Company for Oil Projects (SCOP) have secured a contract worth up to $317 million to build an oil pipeline from the Missan oil fields to the export terminals in southern Iraq. Over a period of 14 […]
Tags: Abu Ghareb, Buzurkan, China, China Petroleum Pipeline Engineering Corp. (CPPE), Fuka, HaLFAYA, Maysan, Missan, pipelines, SCOP, State Company for Oil Projects
New Rigs Arrive at Halfaya
By John Lee. The Missan Oil Company (MOC) has announced that new oil rigs are being installed at the Halfaya oil field to increase the number of new wells in the second stage of developing the field. The Director General of the company said that two new rigs belonging to PetroChina have already arrived and […]
Missan Oil Company Builds New Runway
By Editor on 24th April 2013 in Construction & Engineering In Iraq, Iraq Oil & Gas News, Iraq Transportation News
The Missan Oil Company (MOC) has announced that it has finished building a 1,700-metre runway in the Halfaya area. It will be used to transport employees of companies like CNOOC and Petrochina to and from the international airport at Basra. Mr. Ali M. Al-Bahadli, the director general of the MOC, said the runway is 30 […]
More Progess at Halfaya
By John Lee. The Missan Oil Company has finished drilling one of the new wells at the al Halfaya field. Director General of the company, Ali Imurig Soadj, said that the BOHI company, contracted by Petrochina, completed the HF-107-K107 well at the al Mushrif reservoir. Thirty-five wells have been drilled at Halfaya, including 8 old […]
Tags: al Mushrif, BOHI, drilling, HaLFAYA, Maysan, Maysan Oil Company, Missan, Missan Oil Company, PetroChina
China May Build New $650m Iraq Oil Pipeline
By John Lee. The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots. The chief of state-run Maysan Oil Company, Ali Maarij, told Reuters, that the line will expand the export […]
CNPC's First Crude Cargo leaves Basra for China
On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)'s Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that […]
Total Says Unclear if Iraq Wants it to Exit Halfaya
By John Lee. The chief executive of French energy giant Total, Christophe de Margerie (pictured), has said that it is not clear if Iraq wants the company to withdraw from the Halfaya oilfield due to its dealings in Iraqi Kurdistan. Total recently acquired a 20 percent interest in the Taza oil exploration block there from […]
Tags: France, HaLFAYA, Harir, KRG, Kurdistan News, Marathon, oil contracts, Safen, ShaMaran, ShaMaran Petroleum, Total