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Iraq Issues Tender to Drill 30 Oil Wells in South - ASHARQ AL-AWSAT English Archive
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BAGHDAD (Reuters) – Iraq has issued a tender to foreign oil companies to drill 30 wells in three oilfields in the southern province of Maysan, the Oil Ministry said on its website on Wednesday.

The offer for the fields of Halfaya, Noor and Abu Gharab on a turn key basis closes on April 15 and the work must be completed within 18 months of the start date, the ministry said.

Foreign firms are invited to drill 10 wells in each field, the document on the ministry’s website said.

“This tender is part of an accelerated plan to raise crude production in the southern fields,” a senior engineer at the Maysan Oil Company told Reuters.

“Output is declining. We cannot stand and watch; we have to do something. This will not be the last tender,” he said.

At least one of the fields, Halfaya, is classed “super giant,” with reserves estimated at 5 billion barrels. On Sunday, the Maysan Oil Company said it had invited international firms to build a 50,000 barrel-per-day production facility on Halfaya.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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