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: rigs
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 Firm Forges Ahead With Drilling Plan Despite Potential War
27 February 2003 Unfazed by the current US military buildup and the potential risk to rigs from air raids or invading forces, Iraq’s Oil Drilling Co. (ODC) is forging ahead with drilling across the country’s oil fields in an attempt to beat its record of last year. But separate activities by foreign drillers under the UN’s oil-for-food program have been hit by the threat of war, with international companies either…