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Iraq has submitted a tender to drill 30 oil wells in the south
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Translated by IRAQdirectory.com - [3/19/2009]
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The Iraqi Oil Ministry clarified in its Web site on Wednesday that Iraq has invited foreign oil companies to bid for drilling 30 wells of three oil fields in Maysan province, south of the country.
The ministry stated that the deadline for submission of tenders, according to the system of handing a key for Al-Halfaia, Nour and Abo Gharib fields on 15th, April... And work should complete within 18 months from the date of starting implementation.
The document said that the foreign companies must drill ten wells in each field.
A Senior Engineer in Maysan Oil Company, stated to Reuters: "This tender is part of speeding up process with a plan to increase crude production in the southern fields."
"The production is decreasing. We can not stand with folded arms, we should do something." This tender will not be the last. "
The estimated reserves of al-halfaia field about five billion barrels; it is classified as one of the "extremely large" fields. Maysan Oil Company announced on Sunday, it has invited international companies to build a production plant with a capacity of 50 thousand barrels per day from al-halfaia field.
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