Q&A: Bassim Mohammed Khudair, director general of the Iraqi Drilling Company
As the Oil Ministry seeks cost savings and production cuts in response to crashing oil prices, drilling programs are being cut – battering the business of Iraq's state-run drilling company.
Bassim Mohammed Khudair, director general of the Iraqi Drilling Company, in his Basra office on April 29, 2020. (ALI AL-AQILY/Iraq Oil Report)
BASRA - One consequence of crashing global crude prices is that Iraq's oil fields are shutting down many drilling rigs, as the Oil Ministry seeks to save money and cut production in line with a new OPEC quota.
That's a harsh reality for the state-run Iraqi Drilling Company (IDC), which prides itself on competing with foreign service providers to be the drilling contractor of choice in Iraq.
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