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Iraq discovers oil near the Iranian border

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1Iraq discovers oil near the Iranian border Empty Iraq discovers oil near the Iranian border Sun Jan 05, 2014 12:41 pm

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Iraq discovers oil near the Iranian border
January 4, 2014
1-2-14 Twilight News / company said an Iraqi state-owned Sunday it has completed the drilling of an exploratory well near the Iranian border, and they discovered oil pools encouraging.

alt The Iraqi Drilling Company responded in a statement for “Twilight News” that it has completed drilling of exploratory well “Sinbad” on the Iraq-Iran border in cooperation with the South Oil Company and Oil Exploration Company.

It showed that the drilling of the well reached a depth of 4371 m by Rig 21 / Oil Will 2000.

The company said that it “was discovered pools of oil in this well is encouraging.”

She pointed out that drilling operations have resumed after a gap of more than 25 years, indicating that the first experience was in a well Aldemh in Maysan fields and the second in Sinbad was well before the completion of the Iraqi Drilling Company successfully.

Iraq and executes the process of large-scale development of oil fields discovered untapped Add to Patches exploratory after years of siege and war.

Iraq is expected to produce 6 to 8 million barrels a day within a few years after it had been a previous forecast refers to the production of 12 million barrels per day.

Iraq’s oil production and more than 3 million barrels per day at the moment.

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