Two sub-contracts granted to develop Iraq’s Badra Oil Field

WASSIT / IraqiNews.com: Two new sub-contracts have been granted for two local companies to participate in developing the Badra Oil Field in southern Iraq’s Wassit Province, a Wassit Province‘s official said on Thursday. “The Russian Gasbromneft Company, that won the contract to develop southeastern Iraq’s Badra Oil Field, 90 km to the east of Kut, the center of Wassit Province, has decided to grant two sub-contracts for two local companies to participate in the development works of the oil field,” the source told IraqiNews.com news agency. He said the Russian Company had also granted “the local Arab Gulf Company, to carry out the works of eliminating mines and war remnants from the oil field’s site and its surrounding areas,” pointing out that the period of the work is expected to continue till May next. “Another Iraqi company, specialized in oil and gas excavation works, was granted a sub-contract to carry out seismic works in Badra Oil Field, to continue till April next,” he said. He said the granting of the two sub-contracts had been part of the Russian Company‘s plan to start excavation and development works in Basra Oil Field, planned to produce 15,000 barrels of oil per day (bpd) by the year 2013, according to the contract concluded between the Company and the Iraqi Ministry of Oil. Kut, the center of Wassit Province, is 180 km to the southeast of Baghdad. GW (A) / SKH/SR 144