Beyond the Headlines: May 7, 2012

  • Exxon-IDC ink W. Qurna deal
  • Dhi Qar plans new airport
  • Oil Ministry signs equipment deals
  • IEI signs MoU for Iraq oil schools
Beyond the Headlines: May 7, 2012
Flares at the Nassiriya oil field, which is producing more than 10,000 bpd. Its short-term target is 40,000 bpd, but has encountered problems with its pumps. (STAFF/Iraq Oil Report)

Exxon-IDC ink W. Qurna dealBASRA – State-owned Iraq Drilling Company (IDC) signed a 20 well, $100 million contract with ExxonMobil for work on the West Qurna 1 field.It's part of IDC's expansion as well as the next step in developing West Qurna, a super-giant field that has come under controversy.Exxon has taken the field to 400,000 barrels per day (bpd) capacity, en route to 2.825 million bpd as called for in the January 2010 technical service contract. That contract was called in...

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