Iraq Drilling Co (IDC) is forging ahead with building its own drilling capacity while waiting for the oil ministry to pick one of its many suitors to establish a new joint venture after the first attempt with Mesopotamia Petroleum faltered last month. “Two years ago no company would come and work in Iraq so we had to go with Mesopotamia even though it had no track record. Today, many reputable…
Tag: IDC
Rigging vs Drilling
I personally had never heard of Ramco Energy or the man behind it, Steve Remp, before July 2008 when oil minister Hussein Al-Shahristani said to me in an interview in his office in Baghdad that Iraq Drilling Co (IDC) is forming a joint venture with this company that would transform the Iraqi state company into a drilling giant. A quick search and I understood why I could have never heard…
Iraqi Drilling Firm Gets a Makeover
23 July 2008 State Iraq Drilling Co. (IDC), one of 14 oil firms under oil ministry supervision, is setting up a joint venture with UK-based Mesopotamia Petroleum Co. (MPC) to carry out drilling services in Iraq, Iraqi officials told International Oil Daily in Baghdad last week. IDC is meanwhile upgrading its rig fleet, buying 19 new rigs that should start arriving in September, the officials said. Oil Minister Hussein al-Shahristani…
Iraqi Officials Replaced In Political Move
1 July 2005 Two of Iraq’s top oil officials have been replaced by the country’s new oil minister, in a move widely regarded as politically motivated. The changes represent the second major shake up of the oil ministry since Ibrahim Bahr al-Uloum was appointed as minister in May, Baghdad sources told International Oil Daily Thursday. Nabil Lamuza, director general of planning and studies, was replaced by an outsider, Fayad Hassan…