By John Lee. Iraq has signed a memorandum of understanding (MoU) with Siemens Energy and Schlumberger (SLB) to invest in and cease flaring associated gas from oil fields. This effort aims to convert the gas into productive energy to supply power stations and the national grid. During the signing ceremony, Mr. Hayan Abdul Ghani, the […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of the new oil well at Zubair oil field in Basra. Well Zubair/607 was drilled to a depth of 3,533 meters in 36 days. This achievement is part of a contract with the Italian company ENI to drill 37 oil wells at […]
By John Lee. In Iraq's Zubair oil field, technical and engineering teams from the Iraqi Drilling Company (IDC) have successfully completed the drilling of a new oil well, Zubair/563, reaching a depth of 3538 meters. This achievement is part of a contract signed with the Italian company ENI to drill 37 oil wells in the […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling the directional oil well Zubair/566 at a depth of 2471 meters, as part of the contract with the Italian company ENI to drill 37 oil wells in the Zubair oil field in Basra. This project is being carried out in cooperation with the […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled a new oil well in the Zubair oil field at a depth of 2,472 meters. The well is the 14th of 37 to be drilled at the field as part of a contract with the Italian company ENI, in cooperation with Schlumberger. This is […]
By John Lee. The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan. It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil […]
By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]
By John Lee. The Iraqi Drilling Company (IDC) has signed a contract with Schlumberger to provide drilling services for 37 oil wells in the Al-Zubair field in Basra for the Italian company ENI, which will operate the field. The Director General of the Iraqi Drilling Company, Basem Abdul Karim, said that the contract includes the […]
By John Lee. Iraq has signed a contract with Schlumberger to drill 96 horizontal and diagonal oil wells at the West Qurna 1 field in Basra. Saad Al-Damen, Vice President of Schlumberger, said the contract will add 200,000 barrels per day to production at the field. The Undersecretary at the Ministry of Oil, Hamid Younis, […]
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet approved a bid from Schlumberger to drill 96 wells for the Basra Oil Company (BOC) and ExxonMobil. The company has previously worked at ExxonMobil's West Qurna 1 field in southern Iraq. […]
By John Lee. US-based Schlumberger has reported that Iraq has contributed to its revenue growth in the region. In its full-year results for 2019, the company said: "Sequential international growth was led by the Middle East & Asia area, where revenue increased 5% driven by higher year-end product sales in Kuwait, Iraq, and Oman." (Source: […]
