By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has ordered the state-run Dhi Qar Oil Company (DQOC) and Iraq Drilling Company (IDC) to develop the Nasiriyah oil field in Dhi Qar province. He said the Ministry has budgeted $140 million to raise production from the current 90,000 barrels per day (bpd) to 200,000 […]
By John Lee. The head of the state-run Iraqi Drilling Company (IDC), Idriss Mohsin al-Yasiri, is reported to have held closed-door talks with the CEO of Iran’s North Drilling Company, Hedayatollah Khademi. According to Iran's PressTV, Al-Yasiri said the Iranian company was able to provide a “full cycle of services”, and said he expected the […]
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the consortium has selected a provider for Environmental Impact Assessment, Environment Base Line Survey and contractors to perform de-mining […]
A large oil rig has arrived in the northern oil fields around Kirkuk to start work on reclaiming old oil wells and drilling new ones, according to AKnews. The wells of the Hamrin mountains were left unused until June this year. The Iraqi Drilling Company announced the arrival of the rig on Thursday, and its […]
The state-run Iraq Drilling Company started to drill and repair wells in the Hamrin mountains north of Baghdad for the first time in 21 years, according to Bloomberg. The company, affiliated with the country’s Oil Ministry, started to work on a total of 72 wells this week, the state-sponsored Iraqiya television said, citing Idriss Mohsen […]
Iraqi Drilling Company invited to bid for supplying integral equipments for cementing units in accordance with the conditions & specifications , which can be obtained from the purchasing department, IDC Headquarters in Baghdad. The bidder will pay Three Hundred Thousand Iraqi Dinars for the tender documents. Iraqi Drilling Company will not be obliged upon accepting lower […]
Citing a report from Reueters, we reported at the weekend that Iraq's state-owned Iraqi Drilling Company was planning to dig 76 wells in 2011. But according to Aswat al-Iraq, the company dug 189 oil wells in 2010 and is planning to dig and rehabilitate another 140 other oil wells in 2011. "Our Company had dug […]
Iraq's state-run Iraqi Drilling Company plans to drill 76 wells in 2011 as part of a national effort to boost oil output to more than 200,000 barrels per day, the head of the firm said on Friday. According to Reuters, the firm's director, Idrees al-Yassiri, said the plan included drilling more than 15 wells at […]
Reuters, citing "industry sources familiar with the matter", reports that U.S. oil major ExxonMobil and its partners have awarded a contract to oil services firm Schlumberger to drill 10 wells in Iraq's West Qurna 1 oilfield. The contract award was finalised a few days ago but a final contract is yet to be signed by […]
Further to our report last week Halliburton has confirmed that it has been awarded a letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq. Dow Jones suggests the contract for the 15 wells could be worth $150m. The giant Majnoon field is one of the […]
28 April 2010 - Bloomberg BP Plc will be paid in crude for its investment costs in an Iraqi contract that offers about the same rate of return as other projects worldwide, Chief Executive Officer Tony Hayward said. BP and China National Petroleum Corp. are spending about $15 billion in Rumaila, Iraq’s largest oil deposit, pledging […]
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field.
