Category: Petronas

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IDC completes two Drilling Projects in Iraq

By John Lee.

The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field.

The company’s general manager, Engineer Basem Abdel Karim Nasser, said this was part of the contract with Dhi Qar Oil Company (DQOC) to drill 20 oil wells at the field in cooperation with US-based Weatherford.

Drilling operations were carried out over 18 months using the IDC 44 drilling rig.

IDC has also recently completed the drilling of oil well J120P in the Al-Gharraf field, which reached a depth of 3,037 meters.

Nasser said this was the thirteenth well drilled as part of the contract with the Malaysian Petronas company to drill 28 directional oil wells in the Al-Gharraf oil field in Dhi Qar Governorate.

The work was carried out using the IDC 54 drilling rig (pictured), which has a power of 2000 HP.

The company owns 43 drilling and reclamation rigs distributed in the Iraqi oil fields.

(Source: Ministry of Oil)

The post IDC completes two Drilling Projects in Iraq first appeared on Iraq Business News.

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Petronas opens New Well at Garraf Field

By John Lee.

Petronas Carigali Iraq Holding B.V. has opened its K-123 well in the Garraf Contract Area in Dhi Qar.

Present at the event were, Petronas Vice President International Assets of Upstream Mr. M Jukris A Wahab; Director, Managing Executive Officer and President of Middle East, Asia & Europe Project Division of Japex, Mr. Toshiyuki Hirata; and Petronas Iraq Country Chairman, Mr. Norafizal Mat Saad.

The field is operated by Petronas (45%), Japex Garraf Ltd (30%), and North Oil Company (25%). (Japex Garraf Ltd is owned as follows: Japex 55%, Mitsubishi Corporation 10%, and JOGMEC 35%).

(Source: Petronas)

The post Petronas opens New Well at Garraf Field first appeared on Iraq Business News.

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Amarinth delivers $650k Pumps to Garraf Oilfield

UK-based pump company Amarinth has delivered four API 610 VS4 vertical pumps with Plan 53B seal support systems for the Oil Train 5 Project at Garraf oilfield.

Located at the northwest of Al-Refaei, approximately 85 kilometers north of the City of Nasiriya, half way between the Tigris and Euphrates rivers in the southeast of Iraq, Garraf is the fifth largest oil and gas field in Iraq with estimated reserves of 1 million barrels of oil.

Petronas and its partners are currently increasing production in the field, and the addition of Oil Train 5 is expected to bring this up to 230,000 barrels per day.

The $650,000 order of four API 610 VS4 vertical pumps with Plan 53B seal support systems was placed with Amarinth by China Petroleum Engineering Procurement & Construction (CPECC).

According to a press release from the company, this was the first time that CPECC had ordered from Amarinth and the decision was made based on Amarinth’s proven ability to design and deliver bespoke API 610 pumps for hazardous areas, along with the company’s previous experience of successfully supplying pumps for the Iraq market, all to strict deadlines.

The pumps were manufactured in Inconel Alloy 625, a nickel-based superalloy that possesses high strength properties, resistance to elevated temperatures and excellent protection against corrosion and oxidation. In addition, the Plan 53B seal support systems required a bespoke mounting configuration and piping design.

Amarinth successfully completed the design, manufacture, and delivery within the required 34 weeks.

Oliver Brigginshaw, Managing Director of Amarinth, commented:

“We are delighted with this first order from CPECC, again underlining our strength in the Middle East, and in particular our ability to delivery API 610 pumps into the developing oil and gas projects in Iraq.”

(Source: Amarinth)

The post Amarinth delivers 0k Pumps to Garraf Oilfield first appeared on Iraq Business News.

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Petronas Suspends Operations at Garraf Oil Field

By John Lee.

Malaysia’s Petronas has said it has shut down production and safely evacuated all of its Malaysian employees from Iraq due to coronavirus (COVID-19).

In a statement, the company said:

“In view of the COVID-19 pandemic and as a precautionary measure to ensure the health, safety and well-being of our employees, PETRONAS has safely evacuated all 80 of our Malaysian employees from PETRONAS Carigali Iraq Holding B.V. (PCIHBV), located at the Garraf Contract Area, in the Thi Qar Province, Republic of Iraq.

“This is certainly an unfortunate and unforeseeable event that is not within PCIHBV’s control. PCIHBV had accordingly issued the necessary notice in accordance with the provisions of the Development and Production Service Contract and engaged with the host authority prior to the suspension of operations and evacuation of our employees.

“Operations at the Garraf Contract Area are now temporarily suspended until further notice.

“We are also closely monitoring the situation.“

(Source: Petronas)

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Baker Hughes to harness Flare Gas at Gharraf & Nassiriya

By John Lee.

Baker Hughes has signed a contract to harness 200 MMcf/d of natural gas from Iraq’s Nassiriya and Gharraf oil fields.

The Nassiriya field is operated by the state-run Dhi Qar Oil Company (DQOC) and currently producing around 70,000 barrels per day of crude oil, with a target of 150,000 bpd.

Gharraf is operated by Petronas and is producing around 88,000 bpd with a plateau production target of 250,000 bpd.

(Sources: Minister of Oil, Platts)

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KBR, Anton Oil to replace Shell at Majnoon?

By John Lee.

According to a report from Platts, the Iraqi oil ministry is about to award two management contracts to replace Shell at the Majnoon oil field.

Sources say the state-run Basra Oil Company (BOC) has opted to operate the field instead of replacing Shell, and junior partner Petronas, which announced last year it was relinquishing its 2010 technical service contract.

They added that KBR will play a project management consultant role, while China’s Anton Oil will handle production operations and management, ch after the recent oil price decline — which altered the financial equation for the contract.

More here from Platts.

(Source: Platts)

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Gazprom Neft Halves Badra Production Target

By John Lee.

Russia’s Gazprom Neft has reportedly revised down its output plateau for the Badra oil field.

Denis Sugaipov, head of Gazprom Neft’s department of large projects, told Reuters that the consortium running the project has proposed setting the output plateau for the next few years at its current level of around 85,000 bpd, as the field is more geologically complex than previously thought.

This is half the level initially planned as a plateau to be reached in 2017.

The field is being developed by Gazprom (30%), KOGAS (22.5%), Petronas (15%), TPAO (7.5%), Iraqi state-owned Oil Exploration Company (25%).

According to Reuters, $4.0 billion has been invested in the plant so far, including $1 billion for a gas processing plant; another $2.5 billion is planned to be invested by 2030.

(Source: Reuters)

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Petronas confirms Exit from Majnoon Oilfield

By John Lee.

Malaysia’s Petronas has reportedly confirmed that it will exit from Iraq’s Majnoon oil field along with joint stakeholder Shell.

A spokeswoman for Petronas told The National:

“Petronas confirms its exit from the Majnoon oilfield, Iraq, together with Shell. We will be working with Shell on the handover of the field to the Basra Oil Company [BOC].

“An announcement will be made once details of the handover is finalised.“

Petronas holds a 30-percent stake in the field, with Shell having 45 percent.

On 21st December, Iraq’s Ministry of Oil approved a set of measures relating to the development of the super giant field once Shell relingushes it back to Iraq; IBN Expert Blogger Ahmed Mousa Jiyad described the decision as “an important move in the right direction“.

Petronas retains interests in the Badra, Garraf, Halfaya oilfields.

(Source: The National)

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Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November.

The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, to the Governor of Basrah and International financiers, including the IMF and World Bank.

Vikas Handa, the IBBC UAE representative agrees:

“Iraq is the second largest oil producer in OPEC and has one of the biggest programmes for new power generation projects in the region; Iraq presents massive opportunities for housing, Infrastructure and FMCG businesses. The event is designed to discover the opportunities and projects live and intended in Iraq, for business people to meet the decision makers, to obtain insights and to network”.

UAE is increasingly seen as the regional hub for corporate operations in Iraq and the place where business decisions are determined.

We can confirm this as a range of leading international companies are attending, including GE, Siemens, BP, Wood, Serco, Shell, Petronas, Gulftainer, Zain, KCA Deutag, the International Islamic Bank and more. There will also be plenty of networking and engagement on the sidelines beyond the main stage.

The IBBC Dubai conference is also the location for the Governor of Basrah to outline his vision for the future, and it is expected ministers will outline the latest thinking on the evolving situation in Iraq and the opportunities this brings.

To register, please follow the link: http://www.webuildiraq.org/ibbc-conference/autumn-conference/

(Source: IBBC)

Posted on

Opportunity for UAE Business: Key Iraqi Ministers come to Conference

Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November.

The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, to the Governor of Basrah and International financiers, including the IMF and World Bank.

Vikas Handa, the IBBC UAE representative agrees:

“Iraq is the second largest oil producer in OPEC and has one of the biggest programmes for new power generation projects in the region; Iraq presents massive opportunities for housing, Infrastructure and FMCG businesses. The event is designed to discover the opportunities and projects live and intended in Iraq, for business people to meet the decision makers, to obtain insights and to network”.

UAE is increasingly seen as the regional hub for corporate operations in Iraq and the place where business decisions are determined.

We can confirm this as a range of leading international companies are attending, including GE, Siemens, BP, Wood, Serco, Shell, Petronas, Gulftainer, Zain, KCA Deutag, the International Islamic Bank and more. There will also be plenty of networking and engagement on the sidelines beyond the main stage.

The IBBC Dubai conference is also the location for the Governor of Basrah to outline his vision for the future, and it is expected ministers will outline the latest thinking on the evolving situation in Iraq and the opportunities this brings.

To register, please follow the link: http://www.webuildiraq.org/ibbc-conference/autumn-conference/

(Source: IBBC)