Baghdad – WAA – Karar Khalil
The Ministry of Oil announced today, Saturday, the success of the drilling of the first oil well in the Nahrawan area, south of Baghdad.
The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khader, said during the celebration held on this occasion and attended by the correspondent of the (INA): “The Chinese company (EBS) was able to drill the well with two arms with a total length exceeding (3560) meters,” noting that “the completion period was scheduled to be (82) days, but due to the follow-up of the contractor and the Central Oil Company, the drilling was completed in (70) days.”
He added, “The production rate of this well is doubled and reaches 1000, compared to other wells in this region, which reach 400-550 barrels, in addition to reducing the total cost of drilling, and saving approximately 3 million dollars and approximately 34 working days.”
He added that “the Ministry of Oil seeks to invest its oil and gas fields using the latest technological and international methods, and this is what the Minister of Oil emphasized, as well as reducing expenses and developing and training national cadres to manage operations in all fields.”
He added, “The ministry has a plan to invest in most of the oil and gas fields and make most of the governorates productive to improve the country’s economic situation, absorb the workforce, operate local companies, and develop the infrastructure. Therefore, we succeeded in the fifth and sixth rounds’ annex by referring 14 fields and exploration areas out of a total of 29 announced areas and fields, and the rest of this group will be announced.”
He pointed out that “we seek to be a country that has leadership in the oil industry, gas production and local sufficiency, and also a source of gas, and the (EBS) company focused on cooperation with Iraqi oil companies such as the Iraqi Drilling Company and the Oil Projects Company, and this is what the ministry aims for.”
He thanked the “Middle Oil Company and the operator (EBS) for their great efforts and for developing and investing in the field using the latest technological methods,” stressing “the ministry’s support for all local and international companies to invest in and develop oil and gas fields, as the investment environment in Iraq is suitable.”
In turn, the Director of the Middle Oil Company, Muhammad Yassin Hassan, told the (INA): “The production of the wells east of Baghdad since 2019 has been going in two directions, the first towards the Al-Quds Power Station in the Rashidiya area and the second to the Dora Refinery,” noting that “soon another outlet will be added, which is the Wasit Thermal Station.”
He pointed out that “the current field is the beginning of production and there are many wells, especially since the Chinese company had a major role in joint sustainability and the trend towards modern technologies, which gave encouraging investment results,” indicating that “all oil sites are subject to environmental control and are all environmentally covered and under control.”