Page 7 - MEOG Week 07 2023
P. 7

MEOG                                  PRICES & PERFORMANCE                                            MEOG


       IDC completes




       another well at Zubair




        IRAQ             THE state-owned Iraqi Drilling Co. (IDC) this  cubic metres) per day.
                         week announced that it has completed drilling   It said that the Basra Gas Co. (BGC) had been
                         well 579 at the Zubair oilfield in the south-east  authorised to purchase and install five new com-
                         of the country.                      pressors at the Hammar Mishrif station. This will
                           Speaking to the Iraqi News Agency (INA),  collect and process 80mmcf (2.3mcm) per day of
                         an IDC spokesperson said that “technical and  additional associated gas.
                         engineering personnel have completed drilling   “This came after the meeting of the Joint
                         the directional oilwell Zubair 579 at a depth of  Higher Management Committee of the BGC,
                         2,472 metres.”                       and under the direction of the Deputy Prime
                           IDC and US services specialist Schlumberger  Minister for Energy Affairs and Oil Minister
                         on a 37-well drilling campaign that will enable  Hayan Abdulghani,” the statement added.
                         the field’s operator to increase production capac-  Hamza Abdel-Baqi, director general of the
                         ity from the current 475,000 barrels per day  South Gas Co. (SGC) said that “the new project
                         (bpd) to 850,000 bpd by 2027. IDC noted that  aims to raise the number of compressors at the
                         the latest well was the 14th to have been com-  Hammar Mishrif station to 11 as a total that
                         pleted under the ongoing project.    contributes to raising the compressor capacity
                           The IDC representative said that the well was  from 35mmcf (991,000 cubic metres) per day to
                         drilled using the company’s IDC 38 drilling rig,  147mmcf (4,162 cubic metres)per day.”
                         noting that the unit would now be relocated to   He added: “The five new compressors will
                         another Zubair drill site to begin work on well  contribute to increasing the ability to collect
                         566. Zubair is home to around 6.4bn barrels of  associated gas and reducing the rate of flaring in
                         oil, with ENI holding the technical service con-  the Zubair oil field.”
                         tract (TSC) for development of these reserves.  Meanwhile, BGC managing director Andrew
                           In December, the Iraqi Ministry of Oil (MoO)  Weber said: “Our goal in this project is to sup-
                         announced plans to increase the capture of gas  port the vision of the Ministry of Oil to increase
                         associated with oil production at Zubair. At the  production capacity to reduce gas flaring in
                         time, MoO said that associated gas from Zubair  southern Iraq and convert associated gas into
                         would increase to 147mn cubic feet (4.2mn  clean energy,” supplying gas to power stations.™












































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