The latest Petronas Business News – Majnoon Iraq Oilfield, contract, Shell Oil, Malaysia, crude oil and more – brought to you by Iraq Business
Russia's Gazprom Neft expects to start commercial production at Iraq's Badra (Badrah) gas field in August 2013, according to Reuters. Initial production is expected to be 15,000 barrels per day. The company said it commenced drilling the first appraisal well on Thursday. "The results of the initial appraisal wells will allow us to better understand the […]
The Missan Oil Company expects to increase output by 20 percent to 120,000 barrels a day by the end of this year The company’s Director General Ali Muarej told Boomberg that ten wells will be made operational at the Halfaya field south of Baghdad in the next two months to raise production. Total, China National […]
Weatherford International has won a deal to build early production facilities at Iraq's untapped Garraf oil field in southern Iraq, a former Iraqi oil ministry official said Wednesday, according to a report from Dow Jones. Adnan Galay, who retired as chairman of the field's joint management committee a few weeks ago, declined to give the […]
Output at Iraq’s Halfaya oilfield will rise to 70,000 barrels a day in 2012 with the drilling of 48 wells, As Sabah newspaper said on Tuesday. Bloomberg reports that two projects valued at a total of $187 million will be built next year at the oilfield. The projects include a crude oil processing facility with […]
Iraq and partners Shell and Petronas awarded a contract worth more than $60 million [72 billion Iraqi dinars] to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, according to a report from Reuters. The construction and energy company will also install two crude storage tanks and four pumping units […]
In July, Shell will start installing 15 production wells and pipelines in the Majnoon oilfield in southern Iraq, Vice president and country chairman Hans Nijkamp told the website of Energy Exchange. It will also upgrade two degassing stations and build “a new central processing facility to include two new 50,000 bbl/d capacity early production systems”. […]
The consortium of Chinese, Malaysian and French companies working on the Halfaya oil field, 35 km east of Amara, in Maysan [Missan] province, have completed drilling four oil wells. Ali Altarfi, the media department of Missan Oil Company, told Aswat al-Iraq that, "the plan is to drill 300 wells in this gigantic oil field within […]
China National Petroleum Company (CNPC) and its partners Total of France and Petronas of Malaysia, have issued a tender for work in Iraq's 4.1-billion-barrel Halfaya oilfield. Reuters reports that the consortium has advertised on Monday looking for bids from companies to supply a drilling pad and to survey existing wells. The tender closes on June […]
The Russian Gasprom Oil Company has began implementing the 1st phase of southeastern Iraq’s Badra oil field in Wassit [Wasit] Province, the Province’s Media director said on Sunday, according to Aswat al-Iraq. “Gazprom’s team charged with executing the Badra oil field, 90 km to the east of Kut, has began the first phase of implementing […]
Gazprom Neft has completed the tendering process for the front end engineering design (FEED) for the Badra oil field in Iraq, with the contract being awarded to French Technip, according to Penn Energy. The project preparation is expected to be completed by June 2011. The tender award decision has also been taken for the road […]
Reuters reports that the state-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Thursday it expects to provide about 16.3 billion yen ($198 million) of capital in 2011-2012 to Iraq's Gharaf [Gharraf, Garraf] oilfield development project. In return, JOGMEC said it would take a stake of less than 50 percent in Japan Petroleum […]
Oil production in Missan [Maysan] will reach 170,000 barrels per day by the end of 2011, compared to 2010’s production of 100,000 bpd, according to a director of the Missan Oil Company on Sunday. “The 70,000 barrels increase will come from the development of the Halfaya oil field and the drilling of new wells,” Ali […]
