Iraq May Invite Foreign Cos to Develop Rattawi, Tuba Oil Fields

Iraq may extend an invitation to foreign oil companies to commence field operations at the Rattawi and Tuba oil fields, both of which are discovered but undeveloped, reports Dow Jones Newswires.

According to a senior Iraqi official, the country is involved in discussions with foreign firms to develop the two fields, which the Iraq Ministry of Oil wants developed under Engineering, Procurement and Construction contracts.

"Tuba and Rattawi may come next in the ministry's list of oil fields that need to be developed," the official told Dow Jones.

Located in the Basra governorate of Southern Iraq, the Rattawi oil field has an estimated potential to produce up to 250,000 barrels a day and Tuba, up to 100,000 barrels a day.

 

 

 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Contracts Coordinator
Expertise: Contracts Administration
Location: Hanover, MD
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering
Location: Tulsa, OK
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours