Iraq Invites 15 International Oil Companies to Drill 50 Wells in the South

Iraq has invited 15 international oil companies to drill 50 new oil wells in southern oil fields which would increase the country’s output by 70,000 barrels a day, an Iraqi Oil Ministry spokesman said Tuesday.

“The Oil Ministry has instructed the South Oil Company to invite 15 specialized and well known international oil companies to take part in a tender to drill some 50 oil wells in Maysan province,” the spokesman said in a statement, a copy of which obtained by Dow Jones Newswires.

The South Oil Company has set a period of two months to receive bids from these companies, he added.
The statement said that these new oil wells are located in the Fakka, Bazerkan, Abu Ghareb, Halfaya and Amarah oil fields.

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