Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil attended the celebration of launching the 3rd oil well, and inspected the drilling operations in the 4th oil well in Basrah. Mr. Al-Luiebi confirmed on the keenness of the ministry of oil to develop all the borderline oil fields and make use of the oil & gas resources in them to elevate the Iraqi reserves.
Mr. Al-Luiebi “during his meeting with the national staff of the field” said that the ministry is working on to develop the associated oil fields with the neighbor countries. And the ministry is taking a good care of the field and its development. While the biggest part of the drilling operations was completed within a record time with the least cost because the work was done by depending on the national efforts. And the estimated production capacity will be (50) thousand barrels, which shows the high capabilities of the Iraqi drilling company which is equal to the international capabilities.
Mr. Al-Luiebi stressed on the necessity of keeping up with the new technology in the drilling to achieve the demanded results of rehabilitating the newly discovered fields & wells to add their production to the national production in order to raise the financial outcome. He also ordered to provide all the necessary needs & equipment to the workers in the oil fields to provide the appropriate environment which can achieve the higher production.
Mr. Assim Jihad the spokesman of the ministry said that the drilling optimistic results shows high reserve capacity which can add more quantities of crude oil to the national production. He confirmed also on inviting the international companies to contribute in the development of (10) borderline oil fields. He said also that the 4th well is supposed to start the production soon to start the drilling of the 5th well.
Mr. Al-Luiebi was escorted during his visit by Mr. Kareem Hattab Jaafar the deputy minister for up-streaming, the inspector general and the directors general of Basrah Oil Company, the Iraqi drilling company and the technical directorate, in addition to other responsible members from the oil companies.