global companies begin exploration in Iraq 4/3/2016
global companies begin exploration in Iraq
4/3/2016 0 Comments
Confirmed the Oil Ministry, said on Sunday that exploratory patches carried out by international companies limited their work to determine where the oil reserve ratios and different prices.
He said ministry spokesman Assem Jihad's / balances News /, that "by the time we announced the existence of more than exploratory patch in the governorates (Dhi Qar and Basra, Maysan and Muthanna) have been won by international companies within the tenders licensing rounds, and each area has a certain price varies on the other it has been selected the offer from the companies on this basis. "
He said jihad, "These companies have started their work, which is limited to the exploration of oil patches and then determine its stockpile of oil and gas ratios, and refer them to the reality of either development stage shall be the Ministry of Oil," noting that "the exploration stage last a long time."
The Russian company Lukoil began drilling the first oil well exploration within the area south of the tenth province of Muthanna.