Deputy Premier for Energy Affairs Hussein al-Shahristani inaugurated today Hilfaya oil field in Missan province, according to a statement by his media office.
The source told Aswat al-Iraq that the ceremony was attended by oil minister Abdul Kareem Liaibi, a number of MPs and local officials.
The source added that the oil field production will reach to 100.000 b/d with expectations to reach half a million b/d in the coming years.
Hilfaya oil field resides near Imara city, Missan province, south west Iraq, with expectations to have 3.8 billion barrels of oil reserves.
In the same province, there are Abu Gharb and Bazragan oil fields, which started production in 1973 with heavy Basra oil, as officially described.
A consortium of the Chinese, Malaysian PETRONAS and French Total companies won the contract with 1.40 dollars per each oil barrel, within the fourth oil bids, provided that the production will reach to 535.000 b/d with maximum production within 13 years.