Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil announced the development of the Nasiriya field in Thi-Qar governorate by depending on the national efforts.
By executing a development program to elevate the production capacity to 200 thousand barrels/ day.
Mr. Al-Luiebi said during his chairmanship of the meeting of the board of opinion that the ministry of oil have decided to develop the field by depending on the national efforts and contracting with an international investment company. He also confirmed on the capability and competence of the employees of Thi-Qar Company and the supporting national companies to execute their tasks and duties and work on to reduce the production cost. Mr. Al-Luiebi said also that the ministry harnessed all the available capabilities of Thi-Qar Company of support and technical & engineering effort to achieve the goals and raise the production to more than 200 thousand barrels/ day during the next few years, by the execution of the projects of raising the production capacity by adding 100 thousand barrels/ day to the current capacity which is 90 thousand barrels.
Mr. Assim Jihad the spokesman of the ministry said that the development plans includes the perfect investment of the associated gas with the oil operations by installing and building the treatment complexes and invest 50 MSCF/ day as first step, capable of being increased to provide the power stations with fuel, in addition to the liquid gas and the condensed gas.
Mr. Jihad said also that the Iraqi Drilling Company will do the drilling operations according to the development plans to maintain the field which is considered as a good supplier to the national production in the south of Iraq. And the other oil companies like the oil Projects Company, the oil Pipelines Company, the engineering equipment company and Basrah Oil Company will provide the technical & engineering support to Thi-Qar Company.
It is worthy to say that the Nasiriya field is considered as one of the largest fields in the governorate which was found in 1973, and the initial estimates says that the field contains more than 16 billion barrels.
Source: Ministry of Oil