Iraq discovers oil and gas in the Western Desert

By an OGJ Online Correspondent

BAGHDAD, May 29 -- Iraq has announced separate oil and gas discoveries in its Western Desert, the Organization of Petroleum Exporting Countries' news agency reported.

Regarding the new oil area, North Oil Co. Director Gen. Rafed Abdel Halim said plans were being made to drill more wells in the next few years. A gas field also was discovered in the Western Desert, although no details were available.

Iraq's oil reserves are estimated at 112 billion bbl, second to Saudi Arabia's 261 billion bbl. In March, Iraq said it had increased its oil reserves by 3 billion bbl to 115 billion bbl despite an embargo on oil exports imposed by the United Nations since 1990.

Iraq produces 3 billion b/d of crude and plans to double this in the next few years. It exports 2.1 million b/d under UN supervision.

Officials have threatened to halt oil exports if the UN Security Council adopts a British-US proposal that would ease UN sanctions but tighten an arms embargo against Iraq.

Oil Ministry Senior Undersecretary Taha Humud Musa has said it is unlikely Saudi Arabia could fill the void if Baghdad halted its oil exports.

Iraq has told Jordan, Syria, and Turkey it will cut off oil exports if those countries endorse the British-US proposal. On Monday, Iraq's parliament rejected the proposal.

Related Articles

Statoil makes oil, gas discovery north of Valemon field

04/11/2014 Statoil ASA, together with its Valemon unit partners, made an oil and natural gas discovery in the Valemon North prospect in the North Sea, just 10...

GeoPark makes oil discovery in Colombia

04/09/2014 GeoPark Ltd. reported the successful drilling and testing of the Aruco 1 exploration well on the Llanos Block 34 in the central Llanos basin in Col...

Beach Energy extends success in Cooper western flank

03/31/2014 Beach Energy Ltd., Adelaide, has extended its successful run of oil discoveries in the western flank Cooper-Eromanga basin play in South Australia ...

Statoil makes gas find on flank of Visund field in North Sea

03/24/2014 Statoil Petroleum AS has made a natural gas discovery on the northeast flank of Visund field in the northern part of the North Sea, the Norwegian P...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected