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New Drilling Contracts Awarded at Majnoon

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New Drilling Contracts Awarded at Majnoon Empty New Drilling Contracts Awarded at Majnoon

Post by claud39 on Mon Sep 09, 2019 12:39 pm

New Drilling Contracts Awarded at Majnoon
9th September 2019



New Drilling Contracts Awarded at Majnoon ScreenHunter-4626-623x346


By John Lee.
Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field.
China’s Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 million.
Oil Minister Thamir al-Ghadhban said the contracts are part of BOC’s plan to increase the production at Majnoon to 400,000 barrels per day by 2022.
(Source: Iraqi Ministry of Oil)

http://www.iraq-businessnews.com/2019/09/09/new-drilling-contracts-awarded-at-majnoon/
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