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| Iraq-Jordan | |
| Iraq plans to dig 2000 new wells in next year | |
| 2004-08-16 | |
| Minister of Oil: The ministry intends to dig 2000 new oil wells through next year Minister of oil Thamer Abbas Al-Ghdban declared that the ministry intends to dig 2000 oil wells [it isn't unusual to get 5,000 to 10,000 barrels/day out of a new well in this geological area; assuming only half the wells hit--- wow!] and execute lines extensions of gas pipes of 3000 kilometers long inside Iraq, and he added that the development of standing oil fields and execution of these projects are within the ministry plan of year 2005. The minister said that they have now 42 projects including extension of gas pipes are ready for investmentment....
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| Posted by:mhw |