Oil: Negotiations With An American Company To Develop The Oil Side Of The Nahr Bin Omar Field
Energy Economy News – Baghdad The Ministry of Oil announced, on Wednesday, that there are negotiations with the American company Halliburton to develop the Nahr Bin Omar field in Basra.
The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khader, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the Nahr Bin Omar field is an oil and gas field, as the contract for the gas was signed and the contracting company began its work."
He pointed out that "there are negotiations with the American company Halliburton to develop the oil side of the field, in line with the gas investment project in the Bin Omar River."
He explained that "the gas project aims to produce about 300 million standard cubic feet per day, in two phases," stressing that "the establishment of gas facilities requires a long time, and the minimum period for their establishment and operation is estimated at about three years." https://economy-news.net/content.php?id=53161
