Tag Archives | water injection

Iraq Invites Firms to Manage Water Injection

Iraq has invited international consultancy firms to assist in managing the country's multi-billion dollar oilfield water injection projects. The scheme would assist in raising the extraction rates in order to stop declines in production at fields such as Majnoon, Zubair and Rumaila. Dhiya Jafaar, head of the state-run South Oil Company, told Reuters that the company […]

BP, Iraq Differ On Costs Of Water Injection Project

Dow Jones reports that Iraq and BP have not yet reached agreement on reimbursement of costs to build a multi-billion-dollar oil field water injection scheme in southern Iraq. ExxonMobil was chosen to lead the project on behalf of foreign oil companies rehabilitating Iraqi oil fields. Nihad A. Moosa, head of the State Company for Oil […]

More Than 1,000 New Wells at West Qurna 1

ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) plan to more than double the number of new wells in Iraq's West Qurna Phase One in order to reach its projected production target, an Exxon executive said on Monday. According to Reuters, quoting ExxonMobil's Iraq Vice President, James Adams, Exxon aims to drill two to […]

$10 Billion to be Spent on Oilfield Water Injection

An Iraqi government spokesman said on Tuesday that the water injection project to help boost production from Iraq's southern oilfields is expected to exceed $10 billion. Reuters reports that Iraq's cabinet approved a plan on Tuesday to repay the cost of the scheme to the international oil companies that would need to initially fund the […]