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

Eni reports flow test rates for well offshore Congo (Brazzaville)

12/15/2014 A production test conducted by Eni SPA on the Minsala Marine 1 NFW well offshore Congo (Brazzaville) flowed 5,000 b/d of 41° gravity oil and 14 MMs...

EOG sees crude potential in Leonard, Second Bone Spring

12/12/2014 EOG Resources considers various formations within the Delaware basin of West Texas and New Mexico to be one of its three top US plays with the othe...

OSHA seeks to limit silica exposure for oil workers, Proposed rules target frac sand mining, fracturing

12/12/2014 The rapid growth in oil and gas production from shale and tight oil formations in the US is generating a boom in a related industry: frac sand. San...

Bakken producers face possible new vapor pressure standards

12/12/2014 Oil producers in the Bakken, Three Forks, and Sanish plays could face new transportation safety regulations from the North Dakota Industrial Commis...

Santos makes gas discovery in Cooper basin

12/12/2014

Santos Ltd. has made a wet natural gas discovery in its South Australian Cooper basin permit PEL 513.

Senex moves to commercialize Cooper basin gas field

12/11/2014 Senex Energy Ltd., Brisbane, has successfully tested a sidetrack of the 2007 Vanessa-1 gas discovery in South Australia’s Cooper basin as part of i...

Stone drills successful Utica exploration well

12/10/2014 Stone Energy Corp., Lafayette, La., reported that its Pribble 6HU well in Wetzel County, W.Va., flowed from a 3,605-ft lateral at 30 MMcfd during t...

Origin makes Otway gas discovery

12/09/2014

Origin Energy Ltd., Sydney, has made a gas discovery in the offshore Otway basin of western Victoria.

Centrica makes gas discovery northeast of Aasta Hansteen field

12/08/2014

The Norwegian Petroleum Directorate reported what it is calling a minor gas discovery made by Centrica Resources Norge AS.

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


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