Oil Ministry drills, reclaims 86 oil wells in Majnoon oilfield
The drilling process of a new oil well in Zubair oilfield in Iraq. Photo: INA
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Tuesday that it had completed the drilling and reclamation of 86 oil wells, according to the Iraqi News Agency (INA).
The Director of the Iraqi Drilling Company (IDC), Khaled Hamza, mentioned in a statement that the company completed the drilling of the 24th well in the Majnoon oilfield at a depth of 3079 meters in cooperation with Halliburton.
Hamza indicated that the completion of these oil wells is part of the contract concluded with the Basra Oil Company (BOC) to drill 43 oil wells in the Majnoon oilfield.
The Iraqi official explained that engineers at the IDC completed the drilling and reclamation of 86 oil wells during the first half of 2023.
The IDC’s director elaborated that 43 new oil wells were drilled and 52 other oil wells were reclaimed during 2023.
Hamza added that 10 projects in oilfields in northern, central and southern Iraq are being carried out for national and international companies operating in Iraq.
In 2022, the IDC completed the drilling and reclamation operations of 92 oil wells.
The Parliamentary Oil, Gas and Natural Resources Committee revealed on Sunday that the government has drawn up plans to increase oil production to more than five million barrels per day.
According to the Iraqi lawmaker, Zainab Al-Moussawi, the committee supports the government’s directions to increase the production of crude oil and gas and to benefit from the associated gas to be used as fuel for power plants and in petrochemical industries.