Oil announces the signing of two contracts to dig 40 wells in Majnoon field

by **claud39** Wed Dec 19, 2018 6:58 am

http://economy-news.net/content.php?id=14819

Oil announces the signing of two contracts to dig 40 wells in Majnoon field

19/12/2018

Economy News - Baghdad

The Ministry of Oil announced on Tuesday the signing of two contracts to dig 40 wells in the field of Majnoon, noting that the signing of the contracts comes to raise production rates in the field.

The Minister of Oil Thamir Ghadhban on the sidelines of the signing of the contract in a statement received "Economy News" a copy of it, "the ministry is keen to proceed with the implementation of plans to develop the field of Majnoon oil national effort," noting that "the ministry signed two contracts first to dig 40 oil wells in the field between the company The oil of Basra and Schlumberger, and the second signing of the contract for the implementation of seismic survey three dimensions and dimensions of the field between the Basra Oil Company and oil exploration company.

"The signing of the contracts comes to improve the production rates in the field, as well as the provisions of the Technical Department of the field of national effort after Shell withdrew from the implementation of its obligations to develop the field." He added that the field of Majnoon from the giant fields has great potential for production.

"The drilling of 40 wells will increase production rates in the field, which in turn will provide additional financial revenues to the State Treasury," Ghadhban said, pointing out that "the implementation of seismic surveys of a crazy field by the oil exploration company in a three dimensional manner will provide accurate information to the Basra Petroleum Company, In the field and to increase production capacities and extract oil with the best technology and modern technology with a purely national effort. "

The Majnoon field is one of the giant oil fields in Iraq and the current production capacity is more than 240 thousand barrels per day.

by **claud39** Wed Dec 19, 2018 7:32 am

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Iraq signs contract with Schlumberger to dig 40 oil wells

Oil announces the signing of two contracts to dig 40 wells in Majnoon field 1024

Oil announces the signing of two contracts to dig 40 wells in Majnoon field 1024

19 December 2018 02:11 PM

RIYADH - The Basra Oil Company signed a contract to dig 40 oil wells in the Majnoon oil field with the US company Schlumberger.
Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadhban said in a statement that the Majnoon field of the giant fields has great potential for production, and the contract comes to raise production rates in the field.
The contract for the implementation of the three-dimensional and two-dimensional seismic survey of the field was signed between the Basra Oil Company and the Oil Exploration Company.
He explained that the contract came after the withdrawal of Shell from the implementation of its obligations to develop the field, explaining that the drilling of 40 wells will increase production rates in the field, which in turn will provide additional financial revenue to the State Treasury.
Al-Ghadhban added that the implementation of the seismic surveys of the Majnoon field by the three-dimensional oil exploration company will provide accurate information to the Basra Oil Company and will enable it to promote production in the field and increase production capacities and extract oil with the best technologies and modern technology with a purely national effort.
The Majnoon field is one of the giant oil fields in Iraq and the current production capacity is more than 240 thousand barrels per day.
The Ministry of Oil announced the development of the field in the national effort after the withdrawal of Shell International Company from the implementation of the field development contract, which won the rounds of petroleum licensing.