Maysan oil: raise production capacity by adding new fields of

January 4, 2016 4:38

Parliamentary Energy: Iraq sells barrel less than the market for $ 8 Maysan Oil Company announced the tying 3 wells production system in the west of Abu field within the development of oil fields, plans to raise production rates.
General Manager Adnan Nochi Sagt said that the three new wells that have been linked recently is the father of the West (39, 41.44).
He added that the company that carried out the drilling operations and the link Bohai is a Chinese company contracting with President operator of the field (the Chinese company CNOOC).
He went Nochi to say, that these oil projects come in the context of the development of Maysan Oil Company fields of operations under the licensing rounds carried out by foreign companies and under the direct supervision by cadres of Maysan Oil Company in addition to the national effort to gain access to the production of 900 thousand barrels per day in early 2017 contracts.
And produces Abu Gharb field are currently more than 55 thousand barrels per day and is Nfrth high specifications.
The official spokesman for the Maysan Oil Company, said, earlier, that the company Bohai Chinese contracting with the company CNOOC Chinese, added about 6 thousand barrels of new oil to the production.
He said Khaled and most important, the 3 new oil wells has been linked Abu Gharb oil field, east of the province of Maysan, in the oil fields for the development of plans, and increase production.
The obvious and important, that about 6 thousand barrels of new oil will be added to the production of the field, which is currently a production of about 55 thousand barrels of oil a day, adding that the Maysan Oil Company expects to reach oil production from the fields the 4 middle of next year 2016, about 400 thousand barrels, and the onset of 2017 to about 900 thousand barrels of oil . Includes Maysan Oil Company 4 oil fields are Halfaya, and Bazerkan, and loose change, and the father of the West, and holds Chinese companies invested since 2009, put forward in the oil licensing rounds, the total production of the four fields is currently about 360 thousand barrels per day.
The Halfaya oil field, the largest productive field in Maysan province, and has oil reserves rate is extracted from the oil fields to maintain (16) billion barrels, according to officials in the oil company.
In the same regard, he said a member of the Committee on Energy and Oil parliamentary Aziz Kazim, on Sunday, that Iraq is selling oil at a price lower than the market prices and the difference of $ 8, while noting that Iraq exported 3.0002 million barrels of oil a day.
Kazim said, that the price of a barrel of oil in the budget passed with 45 dollars per barrel, but now oil is sold at a price of approximately $ 37, adding that Iraq sells oil barrel price of $ 28 and a difference of less than $ 8 market.
He added that 24 trillion deficit in the budget and in all Iraq faces a deficit because of oil prices and the quantity exported, adding that quantity exported is not sufficient, considering that Iraq exported 3.6 million barrels per day and now exported 3.0002 million barrels or less.
He pointed out, that he will be cut allocated to the Kurdistan region in the absence of the amounts exported 550 000 barrels a day, likely to improved oil prices and growing demand for it.