Weatherford begun drilling a new oil well in eastern al-Amara city, on Sunday as part of a US$224 million deal to drill 20 wells in a bid to increase oil production.
Amara, the capital city of Missan province, lies 390 km south of Baghdad.
“Weatherford started drilling the new well in the al-Bazrakan oilfield, (70 km) eastern Amara,” Ali Abbas al-Tarfi, director of Missan Oil Company told the Aswat al-Iraq news agency.
“The step is the first in a deal to drill 20 oil wells to increase productivity from the province’s oilfields that now hit 100,000 bpd,” he added.
Tarfi noted that the production capacity for each well will be ranging between 20,000 and 30,000 bpd.
“The investment contract concluded with the company provides for drilling the wells in a span of no more than 31 months,” he said.
Missan is home to six productive oilfields – al-Bazrakan, Abi Gharb, al-Fokka, al-Halfaya, al-Amara and the Majnoon field that is shared with the South Oil company.
The province also has five explored non-productive oilfields – al-Huwayza, al-Rafie, Rafidain al-Sharqi, al-Dujaila and Kemit.
Weatherford operates in more than 100 countries and employs more than 50,000 people worldwide. With a product and service portfolio that spans the life cycle of a well – drilling, evaluation, completion, production and intervention.
