April 1, 2010Oil drilling contracts awarded in Rumaila worth 500 million dollars
بغداد – الصباح BAGHDAD - morning
Granted, the Oil Ministry in conjunction with BP. My major oil company and its partner, China National Petroleum drilling contracts worth about 500 million dollars in Rumaila giant.
The Director of the Office of Licensing at the Ministry of Oil Abdul Mahdi al-Amidi, quoted by Reuters news agency: The Ministry has awarded contracts to drill 49 new wells, each worth about ten million dollars.
Amidi said: I got all of China's Daqing and a joint venture between Schlumberger and the Iraqi Drilling Company governmental contracts for the drilling of 21 wells, while Weatherford International, got a contract to drill seven new wells.
He pointed out that there were essentially contracts for the drilling of 56 wells on the table, but it is however, "we left the wells remaining seven for a later time after reviewing the performance of the contractors." Reserves are estimated Rumaila about 17 billion barrels and produces around half of the total production of Iraq's 2.5 million barrels per day.
And reserves of this field alone, the largest reserves in OPEC member Algeria. It is expected that more than me. BP and its Chinese partner, have signed a contract to develop it for 20 years, the field to produce 2.85 million barrels per day.
بغداد – الصباح BAGHDAD - morning
Granted, the Oil Ministry in conjunction with BP. My major oil company and its partner, China National Petroleum drilling contracts worth about 500 million dollars in Rumaila giant.
The Director of the Office of Licensing at the Ministry of Oil Abdul Mahdi al-Amidi, quoted by Reuters news agency: The Ministry has awarded contracts to drill 49 new wells, each worth about ten million dollars.
Amidi said: I got all of China's Daqing and a joint venture between Schlumberger and the Iraqi Drilling Company governmental contracts for the drilling of 21 wells, while Weatherford International, got a contract to drill seven new wells.
He pointed out that there were essentially contracts for the drilling of 56 wells on the table, but it is however, "we left the wells remaining seven for a later time after reviewing the performance of the contractors." Reserves are estimated Rumaila about 17 billion barrels and produces around half of the total production of Iraq's 2.5 million barrels per day.
And reserves of this field alone, the largest reserves in OPEC member Algeria. It is expected that more than me. BP and its Chinese partner, have signed a contract to develop it for 20 years, the field to produce 2.85 million barrels per day.
