Page 16 - MEOG Week 05 2023

MEOG NEWS IN BRIEF MEOG

have not been evaluated, but according to the Sudani last to France. current projects in Maysan, Dhi Qar, and a
Minister of Petroleum, by implementing the “Gas investment is a complex industry that large part of the projects in Basra will mean
plan to rehabilitate inactive wells, 80 million needs specialized international companies that the provision of large quantities of gas to cover
barrels could be added to the annual oil use advanced technological tools, and Iraq has the local need.”
production capacity of the country. taken very important steps in this direction by He stressed that “these investments aim
About 34% of wells drilled in Iran are contracting with solid companies,” ministry primarily at stopping the burning of gas,
closed, which is a high percentage and of spokesman Assem Jihad told the Iraqi News covering the local need for power stations, and
which 14% is mothballed with no possibility Agency (INA). stopping the damage to the environment as a
of rehabilitation. For a variety of reasons He added, “Iraq established the Basra Gas result of burning it, as well as supporting the
such as high water production or high gas Company with Shell and Mitsubishi to invest establishment of projects for petrochemical
percentage, these wells are inaccessible. gas from 4 oil fields with plans targeting 2bn industries with great economic returns.”
SHANA cubic metres per day, and has now reached the Regarding the agreement with Total, he
ability to invest 50% of this amount, which is explained that it “includes 4 paragraphs
equal to about 1bn cubic metres, which is a stipulating the transfer of sea water and
GAS very important development.” its delivery to the oil fields at a rate of 5
He continued, “There is a second million barrels per day, because the fields
Iraqi ministry highlights top agreement with the Chinese company need large quantities of water to support
(PetroChina) to invest gas associated with the
the oil extraction process, and secondly,
gas projects Halfaya field in Maysan, and this will provide the investment of about 600mn cubic
metres of associated gas in two phases, the
up to 300mn cubic metres per day. We also
Iraq’s Ministry of Oil outlined the most agreed with the American Baker Hughes first lasting 4 years.” years, the second for
important gas investment projects company to invest 200mn cubic metres the another four years, and the third is a solar
implemented in Iraq, and while it revealed Gharraf and Nasiriyah fields in Dhi Qar, and energy investment project that provides 1
the current and targeted production numbers these investments in total provide quantities gigawatt, and the fourth project is to raise
in the future, it indicated the contents of the A good addition to it is an agreement that the production of the Artawi field in Basra to
agreement with the French company Total, will soon be implemented with the French 210,000 barrels per day.
which it said includes 4 paragraphs and will be company Total soon, and it is one of the fruits INA
implemented soon, and it is one of the fruits of the Prime Minister’s recent visit to France.”
of the Prime Minister’s visit. Mohammed Shia He stressed that “the completion of the

P16 www. NEWSBASE .com Week 05 01•February•2023