Latest topics
Baghdad holds negotiations with Halliburton to invest in Akkas oil field
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Baghdad holds negotiations with Halliburton to invest in Akkas oil field
2022-01-25 06:30
Shafaq News / The Iraqi Ministry of oil is holding negotiations with US company Halliburton to invest in the Akkas oil field, west of the country.
The Chief of the contracts and licenses department in the Iraqi ministry of oil, Ali Maarij, said that the oil field's production capacity reaches 400-500 mcf/day.
He added that many foreign companies offered to invest in the oil field, but the ministry did not reach an agreement with any of them, noting that the security situation in the country prompted many companies to withdraw their offers, although the operations command and the security forces have assured all parties that they will protect the companies operating in the governorate.
In June 2011, Iraq signed an agreement with Korea Gas Corp. to begin developing the Akkas natural-gas field.
In October 2010, KOGAS in a joint venture with KazMunaiGas (KMG) from Kazakhstan and the Iraq state-owned company (Iraqi National Oil Company-INOC) applied to participate in the reverse auctions of the third license round organized by the Iraq Federal Government.
In October 2011, KOGAS and its partners were awarded the Technical Service Contracts (TSC) for the Akkas gas field with a remuneration fee of $5.50 per barrel of oil equivalent (boe) based on a plateau production of 400 million cubic feet per day (cf/d) during 13 years.
The Akkas field was discovered in 1992, with 5.6 trillion cubic meters of natural gas reserves. Six wells had been drilled in the field before ISIS took control of it in 2014.
https://shafaq.com/en/Economy/Baghdad-holds-negotiations-with-Halliburton-to-invest-in-Akkas-oil-field
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24269
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Mar 10, 2024 5:58 am by RamblerNash
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash
» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Wed Jan 17, 2024 5:05 pm by RamblerNash
» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Mon Jan 15, 2024 6:15 pm by RamblerNash