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Expert discovers the largest oil field in Iraq has reserves of more than 8 billion barrels under the Sadr City
Newspaper Maltese that oil expert from Malta working with the Iraqi Ministry of Oil discovered what might be called the largest oil field in Iraq under Sadr City in eastern Baghdad, as pointed out that the reserve field of more than eight billion barrels, pointed out that the field needs to drill hundreds of wells to reach it to the level asymptotic of production capacity.
quoted "Malta Today" for oil expert of sexual Maltese, named Raymond financially working in Iraq that he "discovered the largest oil field in Iraq, eastern Baghdad, and has reserves of more than 8 billion barrels," pointing to the that "a large part of the field which is located under the Sadr City."
The newspaper added that the field is discovered there is no size only a few dozen wells in the world, but it is pointed out that he needed to drill hundreds of wells to get it to the level asymptotic of production capacity, especially as it located in a densely populated area, hampering the work of drilling compared to desert areas in southern Iraq.
, the newspaper said, quoting an expert that he drilled two wells oilfields so far within the field discovered, and showed that the former produces 2000 barrels per day, the second has reached the level of drilling in which to 3 thousand and 600 meters.
The expert Maltese in his interview with the newspaper that "Iraq will be a pioneer in the oil world," saying "he has sought after by the Chinese and Indians," but he corrects warning that there are those who will do everything to prevent the oil boom in Iraq is expected over the past few the next.
declined to many foreign companies from investing in oil fields in Baghdad, run by all of the North Oil Company, due to its location within the residential areas in addition to the quality of oil which is kind of heavy compared's oil fields are located in the southern region.
and includes the capital, especially in northern and eastern regions, many oil wells operating under the supervision of the Ministry of Oil, some factor since the era of the former regime, which is experiencing extract 20 thousand barrels of oil per day.
Iraq is seeking through the development of oil fields and presented to the international companies, to reach a production At least 11 million barrels per day within the next five years, and to 12 million barrels per day after you add the quantities produced from other fields of national effort.
Iraq exports nearly 2.0002 million barrels of crude oil from the ports of Basra and Khor al-Amaya to the Persian Gulf, and to Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and currently produces about 2.0009 million barrels of crude oil per day, and the proportion of exports from the Basra oil 90%, while the remaining issue of Kirkuk.
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