Oil announces plan to increase northern fields production to 1M B/D
Oil announces plan to increase the production of the northern fields to one million barrels per day
Editor: BR | SZ
Monday, 26 March 2012 12:18 GMT
Sumerian News / Baghdad
The Oil Ministry announced on Monday a plan to increase oil production in the northern fields around one million barrels per day over the next few years, pointing out that the North Oil Company is negotiating with foreign companies to develop the Kirkuk field to add 300 thousand barrels.
The deputy director of the North Oil Company Hussain Ghulam in an interview for "Alsumaria News", that his company "plans to develop and increase the production of oil from northern fields to nearly one million barrels per day during the three or four years to come," he said, adding that "the current production from these fields is about 600 thousand barrels a day."
He pointed to the boy that "the company is negotiating with some foreign companies such as BP to develop the Kirkuk oil field to add 300 thousand barrels, as well as the current production of 280 thousand barrels a day."
He added that the boy "NOC will also develop the Hamrin field in association with oil projects that will create a project surface, to reach production to 60 thousand barrels per day from this field."
It is estimated that oil reserves located in Kirkuk, about 13 billion barrels, that is, it constitutes about 12% of the total reserves of Iraqi oil.
The Kirkuk field in the fifth-largest oil field in the world in terms of capacity, a plateau interrupted by the Little Zab River and a length of about 96.5 km in the display is about four km, and ranges from a depth of wells Kirkuk field in the 450 meters to 900 meters and the well production rate per 35 thousand barrels a day.
The geographical area of the North Oil Company, extending from the Turkish border, north to latitude 32.5 degrees south and from the Iranian border east to the Syrian and Jordanian borders to the west and includes the provinces North and Central are Kirkuk and Mosul, Salahuddin and Irbil, Sulaymaniyah and Dohuk, Baghdad, Diyala and parts of the provinces of Babil, Diwaniyah, and The company is the functions of the production of crude oil and natural gas from oil and gas fields located within their operations.
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
“I just did my job...You either get them out alive or you die trying. If you don’t die trying, you didn’t try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient