9 March 2005 Almost two years after the US-led war ousted the Baath regime, Iraq is still struggling to meet prewar production levels at its dilapidated oil fields. Iraq’s southern oil fields, which accounted for the majority of prewar production of 2.8 million barrels per day, are currently managing just 1.85 million b/d — and even this rate is causing great distress to reservoirs, Iraq’s interim Oil Minister Thamer al-Ghadban…
Tag: reservoirs
Iraq Field Study Attracts Strong Interest
17 August 2004 Despite its deteriorating security situation and unstable future, Iraq managed to attract a strong turnout for a contract to conduct reservoir and engineering studies at its largest two oil fields, Kirkuk and Rumaila. Some 14 bids were submitted from companies in Europe, North America and Australia, a senior Iraqi official said Monday. Iraq in June invited more than 30 companies to participate in the tender, which would…