Oil launches project to develop nine exploratory platforms with Kuwait, Iran and territorial waters

The Ministry of Oil announced on Monday the launch of a project to develop nine exploration sites in the border and maritime fields with Kuwait, Iran and regional waters with the Arabian Gulf.

The Ministry of Oil said in a press statement that "in implementation of the plans of the Ministry of Oil based on its policy and approach to the exploitation of hydrocarbon wealth and investment for the benefit of Iraq and its people, the ministry announces the launch of a project to explore, develop and produce a number of exploratory wells and oil fields border land and sea In southern and central Iraq. "

She added that "the exploratory spots on the Iraqi-Kuwaiti border is the patch of water vegetables and the ridge of Mount Sanam and Umm Qasr," built that "exploratory spots located on the Iraqi-Iranian border are Sinbad, Hawizah, Shihabi, Zurbatiya and Neptaneh."

She pointed out that "the Gulf region lies within the territorial waters of Iraq in the Arabian Gulf," explaining that "it includes the scope of the contracts of exploration and development of the production of these exploratory wells and oil fields on all exploration operations include surveys and survey and exploration wells and evaluation and the program of survey and clearance of mines and unexploded objects Production of crude oil and optimal utilization of free gas or associated gas. "

The Ministry of Oil pointed out that "foreign companies are committed to providing funding, expertise, technology, equipment, machinery, services and qualified workers to implement their contracts provided the use of Iraqi qualified workers," adding that "the Ministry will grant contracts of these patches and oil fields to pre-qualified foreign oil companies, Companies through competition. "

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