Oil develop a plan to study the development of all oil fields contracted with international companies

Oil develop a plan to study the development of all oil fields contracted with international companies

Saturday 12 May 2012 10:28 GMT
Oil Minister Abdul Karim and coffee

Sumerian News / Baghdad
The Ministry of Oil in Baghdad, Saturday, for a plan to study the possibility of development of all Iraqi oil fields contracted with international oil companies, noting that the request for a study and development was shared with those companies.

The Minister of Oil Abdul Karim and coffee in an interview for "Alsumaria News", "The ministry has developed a plan to study the possibility Taiwir all Iraqi oil fields contracted in coordination with international companies, who won the development of these fields in the two rounds of licensing the first and the second," indicating that it "used the offices of an advisory to provide a global vision and make the best use of these fields. "

And added to the coffee that "the study are not based in the production of the largest number of barrels of oil as it focused on our vision of how to make the best use of crude oil extracted from these fields that will ensure the highest and most efficient ratios of extraction of oil reservoirs," stressing that "the request development was a joint as that the interest and purpose, and one between the Ministry and these companies. "

The document revealed the Iraqi Oil Ministry that Royal Dutch Shell Dac approached the Iraqi government to reduce the expected production from Majnoon oil field in Basra province of 1.8 million barrels to one million barrels per day, and suggested to extend the duration of the project from seven to twenty years.

Iraq signed in 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after you add the quantities produced from other fields national effort, and focused most of those contracts in the fields of the South, also signed contracts with international companies to develop the natural gas investment for three gas fields in the third licensing round.

Iraq exports crude oil from the ports of Basra and Khor al-Amaya and port floating on the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and Iraq currently produces about three million barrels of crude oil per day, and the issue of Iraq at the present time approximately of 2.3 million barrels a day, and the proportion of exports from the Basra oil 90%, while the remaining issue of Kirkuk.


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