The Maysan Oil Company (MOC) wants to develop the Howaiza oil field, an associated field located on the Iranian border and extending to 63 kilometers to the east of Maysan governorate.
Mr. Adnan N. Sajit, the director general of the MOC, said the first well was drilled at the Howaiza field at the end of the 1970s, but the development was halted because of the Iran-Iraq war.
He added that reservoir studies show an oil storage estimated with 854 million barrels, and oil reserves estimated at 219 million barrels, which qualifies the field to produce 20-to-30 thousand barrels/day (bpd) after the completion of the development.
He said also that the development plan will start in 2017 “by depending on the national efforts“.
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