Live Currency Rates
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Iraq- About 190 oil wells dug in Iraq in 2010, 140 others to be dug in 2011  Join our daily free Newsletter

MENAFN - Aswat Al-Iraq - 16/01/2011

No. of Ratings : 0
Add to Mixx!


(MENAFN - Aswat Al-Iraq) Iraq's state-owned Iraqi Digging Company has announced on Sunday that it had managed to dig 189 oil wells in 2010 and planning to dig and rehabilitate 140 other oil wells in 2011, according to a statement by its director.

"Our Company had dug 56 oil wells and rehabilitated 133 others in 2010," Idris Muhsin al-Yassery told a news conference at the headquarters of his Company in Basra, adding that the number of oil wells dug in southern Iraq's Rumeila Oil Field, that helped increase in production, have been 14 wells, along with the rehabilitation of 91 other oil wells.

He said that the number of oil wells, dug and rehabilitated in Basra, Missan, Baghdad and Kirkuk Provinces had reached 53 wells, including 39 dug and 14 rehabilitated.

"We have bought 22 digging towers that entered in service and the others pending use, as well as the purchase of two rehabilitation devices, along with three other towers to be bought later, due to the Company's plans to dig more oil wells in the near future," Yasiri stressed.

He said his Company's 2011 plan covers the digging of 140 oil wells, including 76 to be used by the local companies, whilst 58 foreign investment companies that had won the licensing sessions and 4 oil wells dug in Nahr-Omer and Wesern Qurna, as well as two other wells excavated for future commissioning.

"There are another 23 oil wells, being excavated by a leading contractor, along with international service companies, as sub-contractors for the International INAI, Axcel, Lock-Oil Companies, as well as 15 wells being dug through cooperation with Halliburton Company in southern Iraq's Majnoun Oil Field," Yassiri said.

Notworthy is that the Iraqi Digging Company had been established in 1991 and had dug 1,874 oil wells since its establishment, according to its Director Hassiry.


  MENA News Headlines




Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help