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Oil: fifth round of licenses will be dedicated to ten exploratory gas patches

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Oil: fifth round of licenses will be dedicated to ten exploratory gas patches
Alsumaria News - 05/27/2013 - 9:22 pm |




Revealed the Iraqi Oil Ministry, on Monday, that the oil licensing round fifth ahead will be for ten patches exploratory gas, saying it seeks to invest 2000 million standard cubic meters of associated gas from oil fields in the south. said spokesman of the ministry, Assem Jihad, said in an interview for "Alsumaria News", "Iraq sought to be one of the producing countries and major exporting gas in the region and the world," noting that "Iraq is currently developing patches exploratory gas by inviting international companies to develop, in addition to investment associated gas." Jihad said that "Iraq chose ten patches Exploratory distinct gas to oil licensing round fifth coming that will be announced later after the completion of the procedures Alvanonah and technical about it, "noting that" these patches expedition will raise reserves, Iraq's gas and currently estimated by experts to 137 trillion standard cubic meters. " explained Jihad "Iraq is currently seeking through the establishment of Basra Gas Company in collaboration with two world wars to the optimum use of associated gas from oil fields south through the introduction of modern technologies in the extraction of gas," pointing out that "the company commenced investment operations down to invest 2000 million cubic meters a record day in the future. " and The Oil Ministry announced, in October of 2010 in the third round of licenses, winning consortium (t-PA) or Turkey and Kuwait Energy and Kocaz Korean investment in the field of Mansuriyya invader, as announced in the victory of a consortium of Kuwait Energy and (t-PA) or Turkish investment of the Siba gas, 30 km south of Basra, and the victory of a coalition of companies Kocaz Korean and Kaz Kazakh developing field crutch gas in Anbar province in western Iraq. was the Oil Ministry has signed a mid-July last decades definitive exploration and investment in patches exploratory 8, 9, 10,12 with international oil companies won in the fourth round of licenses which began on 30 May 2012 for 12 patch exploratory in different parts of the country. , signed ministry also held, in (November 23, 2011), with Shell to address gas associated with oil in the oil fields south after the approval of the Council of Ministers (15 November 2011), the establishment of Basra Gas Company, which will address the gas associated with oil from the fields of Rumaila, Zubair and West Qurna partnership between them and the South Gas Company, owned by the Ministry of Oil by 51% and the two Royal 44% Dutch Shell and Japan's Mitsubishi 5%.


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