Missan Oil Co., the third largest state owned oil producer of the country, planning to drill 80 wells, specifically in Southern region of Iraq for giving a thrust to oil production and to make it 300,000 barrels per day from next year. This has been said by the director of general of Missan.
Missan province oilfields produce 200,000 barrels a day, which includes 100,000 barrels from Halfaya, which has shareholders like China National Petroleum Corp. and Paris-based Total SA (FP). This report has been unleashed by Ali Muarej, on an interview, at Baghdad.
Halfaya is under immense development, under the supervision of Total, CNPC and Petroliam Nasional Bhd., the Malaysian oil company known as Petronas. CNPC owes 50% share of the project, while the rest of the companies possess 25% each.
Source [Business Week]