Home Oil and Gas Iraq makes new plans to develop Mansuriya gas field

Iraq makes new plans to develop Mansuriya gas field

Iraq’s oil ministry said it is planning to develop the gas field of Mansuriya via local firms after international oil and gas companies delayed and failed to complete a development license.

Oil Minister Jabbar Al Luaibi has instructed national companies to set up a quick development of the field in the Diyala region, an oil ministry statement said.

“The ministry will not suspect to send the contracts that are lax by foreign companies to national companies that have the experience and the capability to execute similar work at a lower cost,” he said.

Iraq, in 2011, contracted a consortium led by Turkish government-owned TPAO and including South Korea’s Kogas and the Kuwait Energy Company to develop the field in the Diyala Region. Late in 2017, Luaibi asked TPAO to resume work after it stops operations in 2014 due to security concerns.

The construction target is set at 100 million standard cm/d within a year, the ministry said, adding that the gas production from the field will be consumed largely to fuel the Mansuriya gas station to produce electricity.

Energy shortage in Iraq, which experiences some of the hottest summer days in the zone, helped spark protests in the south of the country by locals demanded jobs and speaking out over poor government services.

Additionally, the oil minister also directed Iraq’s Dhi Qar Oil Co. and Iraq Drilling Co to develop the Nassiriya oilfield in the south of the country, a separate statement said.

The ministry of oil has budgeted $140 million to pick up production from Nassiriya, which has more than 4 billion barrels in reserves, from the current 90,000 barrels per day to 200,000 barrels per day in a year’s time by drilling 20 new wells, the minister added.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

SNOC begins gas production at Mahani field in Sharjah

Sharjah National Oil Corporation (SNOC) and its partner Italian oil major Eni have pulished the start-up of Mahani-1 gas well, marking the...

India’s Sterling and Wilson wins Acwa’s Egypt solar project

Saudi-based Acwa Power said it has reached an agreement with Sterling and Wilson Solar, a unit of leading Indian construction group Shapoorji...

Al Dahra signs strategic water security agreement with Israel’s Watergen

Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of...

ADNOC multi-billion dollar subsea transmission project

The Four groups have submitted binding commercial offers for the planned high-voltage sub-sea transmission project to connect Abu Dhabi National Oil Company’s...