Basra Oil Company | Egypt Oil & Gas

Basra Oil Company gains control over Lukoil’s West Qurna2 field

The Iraqi cabinet approved what it described as an “amicable settlement” with Russia’s Lukoil over the transfer of operations at the giant West Qurna 2 oil field to the state-run Basra Oil Company, Reuters reported, c...

TotalEnergies, QatarEnergy to Construct Iraq Gas Project Components

Senior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Fi...

Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq

Iraqi Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields, according to Iraqi news agency. This confidentiality agreement involves Iraq to provide Hallibur...

Iraqi Cabinet Approves Tender for Drilling 96 Wells

The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra, a statement issued by the General Secretariat of the Cabinet announced. T...

Petrofac Extends Contract in Iraq with Basra Oil

Iraq has awarded Petrofac’s Engineering & Production Services (EPC) a six month contract extension with Basra Oil Company (BOC) for the Crude Oil Export Expansion Project (ICOEEP), according to a press release.  T...

Iraq Ends Emergency State in Majnoon Oilfield

Iraq has put an end to the emergency state in the Majnoon oilfield, according to Thamer Ghadhban, Iraq’s Oil Minister, Reuters reported. The country proclaimed the emergency state as a precaution due to the floods tha...

Iraq to Drill 40 Wells in Majnoon Oilfield

Iraq’s Basra Oil Company and Iraq Drilling Company inked an agreement to drill 40 wells at the Majnoon oil field, according to the Iraqi Oil Ministry Thamer Ghadhban, Pipeline Oil and Gas Magazine reported. The ...

Iraq, Schlumberger Sign Deal to Drill 40 Wells at Majnoon Oilfield

The Iraqi Oil Ministry has announced signing a deal with Schlumberger to drill 40 wells in the giant Majnoon oilfield, Reuters reported. The agreement with the international services firm aims to increase production f...

Iraq, Petrofac Sign $369 M Agreement for Crude Processing Plant

Iraq has signed a deal with Petrofac worth $369 million for the construction of a new crude-processing plant in the giant Majnoon oilfield, Reuters reported. The plant, expected to have a capacity of 200,000 barrels p...

Lukoil to Double Oil Production at Iraq’s West Qurna-2

Russia’s Lukoil, in conjunction with local state-run Basra Oil Company, aims to double production from Iraq’s West Qurna-2 oil field to 800,000 barrels per day (b/d) by 2025, OilPrice.com reported. The com...

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