Iraq to sign the Convention on the water injection project in the fields of the south during the month
On: Wed, 10/27/2011 0:50
Arif Ali of Basra _
A senior official at the Oil Ministry said Iraq will sign the Convention on the water injection project to increase production in the southern oil fields during the month, noting that the agreement reached the final stages.
The choice fell on Exxon Mobil on behalf of major foreign oil companies to lead the massive water injection project needed to increase the rates of production of crude oil from oil fields in southern Iraq.
Include international oil companies that won contracts licenses in the southern oil fields, Exxon Mobil, Lukoil and BP. BP and ENI of Italy.
He said, "Abdul-Mahdi al-Amidi," director of contracts and licenses in the Oil Ministry's "citizen" that "the Convention in the final stages of finalizing our four companies satisfied all the requirements requested by the Oil Ministry, which would benefit both sides."
He added: "The agreement will be signed during the month."
Iraq has signed a series of agreements with major oil companies to develop the largest oil fields and seeks to increase output after years of wars and economic sanctions.
The water injection system will help increase extraction rates and maintains the reservoir pressure to overcome the decline in production in fields such as West Qurna, Majnoon, Rumaila and Zubair.
He said, "Amidi," "The rate of oil production depends on the pressure Almkmena of the field, but many of the fields exposed to fall rapidly in this pressure and this great project will provide enough water from the sea and after treatment is pumped into the reservoir to maintain pressure Almkmena and increase production."
"The first phase aims to drag and address Mekdrah pumped 4.2 million barrels per day, but the final energy of the project is 12.5 million barrels a day."
Amidi and refused to disclose the total cost of the project for technical reasons, but officials in the Iraqi government said months ago that it may exceed ten billion dollars
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