The Minister of Oil stressed the importance of the oil exploration sector, in enhancing the oil reserves of the hydrocarbon wealth of Iraq.
This came during his visit to the oil exploration company.
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani said that the seismic teams of the Oil Exploration Company have succeeded during the past period in intensifying their activities in the western desert of Anbar Governorate, as well as some areas in Nineveh Governorate, Najaf, Muthanna and Dhi Qar, and traveled thousands of kilometers to collect The information from the land areas covered by the seismic survey is part of the ministry’s plans, and has achieved fruitful results. Abdul-Ghani pointed out the importance of converting “forecasts” into a fixed reserve that enhances Iraq’s position in terms of sustaining and increasing oil and gas production. These efforts, during the past few years, have resulted in the addition of (6) billion barrels of crude oil and (32) billion standard cubic feet to the national reserve of hydrocarbon wealth.
For his part, the Director General of the Oil Exploration Company, Ali Jassim, said that the Deputy Prime Minister and Minister of Oil had listened to an explanation of the plans and programs of the company, in addition to attending a workshop devoted to the promising exploratory blocks with gas, the results of the exploration and evaluation work thereof, and the future visions for the optimal investment of the hydrocarbon wealth.
Stressing that the seismic teams of the company adopt the latest technologies, devices and advanced equipment in surveying the lands and areas nominated for development and production.
This was accompanied by the Deputy Prime Minister for Energy Affairs, the Minister of Oil, the Director General of the Oil Contracts and Licensing Department, and a number of officials in the ministry