Archive for the ‘2005’ Category
18 January 2005
Iraq’s oil ministry has awarded contracts for reservoir studies at its giant Kirkuk and Rumaila oil fields to UK major BP and UK-based Exploration Consultants Ltd. (ECL), a senior Iraqi official said Friday.
Royal Dutch/Shell will also play a supporting role to the oil ministry on the Kirkuk study under a technical service agreement, the official added — which will include the Anglo-Dutch major financing that field’s reservoir work.
ECL came out as the big winner in the tender, which was first issued in June. It was …
18 February 2005
Iraq’s oil ministry has launched its first reservoir study center, as it gears up to work with international companies BP, Exploration Consultants Ltd. (ECL) and Royal Dutch/Shell on landmark reviews of its key Rumaila and Kirkuk oil fields, according to an Iraqi oil official.
The center, established by the ministry’s reservoirs and field development department, is the first in Iraq, and has already been equipped with workstations and computers donated by an oil company. The ministry is now waiting for the delivery of software to enable its …
9 March 2005
Almost two years after the US-led war ousted the Baath regime, Iraq is still struggling to meet prewar production levels at its dilapidated oil fields.
Iraq’s southern oil fields, which accounted for the majority of prewar production of 2.8 million barrels per day, are currently managing just 1.85 million b/d — and even this rate is causing great distress to reservoirs, Iraq’s interim Oil Minister Thamer al-Ghadban said Tuesday.
Iraq’s oil ministry has been allocated a $3 billion budget in 2005 to restore former production and raise …