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Anbar consistent with the Korean company to invest the crutch gas field
On: Tuesday 14/2/2012 8:38
□ Anbar / range
management announced its agreement with the province Anbaran Kocaz Korean company to begin the investment of the crutch gas during the month of May next, stressing that the field will start production at the end of the current capacity of 100 standard cubic meters a first stage, while pledged to provide the necessary protection for the company.
A spokesman for the province Mohammad Fathi Hantosh "Alsumaria News", "The Korean company will complete the design development for the investment field in May next," noting that "production will begin later this year with a capacity of 100 cubic meters record as a first phase ending in 2015, and is then raise production in the second phase to 400 standard cubic meters of gas a production capacity of continuous are high. "
He Hantosh that "both parties agreed to the company to extend pipes gas to the station Hit, Qaim and Ramadi, the electrical operation of such stations and electric power generation in the coming months and build a residential complex integrated for workers in the field, "stressing that the Government of Anbar also agreed with the company to run the hands working in the field according to the proportions needed by the company."
The Hantosh that "the term of the investment field has identified twenty-year-old has pledged to maintain its role to provide security environment full of the company to ensure the safety of their workers and engineers. "
and ratified the Council of Ministers (September 27, 2011) on a contract to develop the field crutch gas in Anbar province, while preparing the Oil Ministry to sign the contract once and for all with the Korean company implemented in mid-October.
and signed the Oil Ministry last June with Company Kocaz Korean initial contract to develop the field crutch gas in Anbar province after the withdrawal of company Kaz Kazakh from the coalition.
was a coalition of companies Kocaz Korean and Kaz Kazakhstan won the developing field crutch gas in Anbar province, after the submission of bid guarantee the cost of producing a barrel equivalent of five dollars and fifty cents, and the ability of productivity of 400 Mqmq and invest at least $ 25 billion in 13 years to reach peak production from the field. "
The field is located crutch gas, which was discovered in 1992 north-western Anbar province, 25 km southwest of elimination based on the River Euphrates, near the Syrian border, The field length of 50 kilometers by 18 kilometers and where the six dug wells and a stock gas installer which 5.6 trillion standard cubic meters. The Ministry of Oil has launched, in the month of May last, third round of licenses for investment in gas fields, and included three fields are the crutch and Saybah and Mansuriyah, pointing out that these contracts are service contracts and of Iraq's production of liquid gas is about 4 thousand tons per day, fill a need for 85% of domestic production, estimated at four thousand and 500 tons per day, while imports the remaining amount from the neighboring countries.
with total proven reserves of gas natural, 112 trillion cubic feet, making Iraq ranked tenth among the world's rich natural gas, the natural gas industry in Iraq is still lagging behind, compared to its neighbors from the Gulf States, as they are burning all the gas associated with the process of extracting oil, because of Iraq's lack of technical possibilities for investment.
It is noteworthy that Iraq has signed early last year, 2010, contracts with several international companies to develop some oil fields, the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day, after the addition of the quantities of the other fields of national effort.
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