| | | In June 1997, Al-waha Petroleum Co., Ltd, a joint venture of CNPC and China North Industries Corporation, signed an agreement with Iraq's Saddam Hussein government to develop the al-Ahdab oil field, which was postponed by the UN sanctions on Iraq and the following U.S.-led invasion to the oil-rich state.
In November 2008, CNPC signed a Development Service Contract of Al-Ahdab Oilfield with Iraq's Ministry of Oil.
Located 180 kilometers southeast to Iraq's capital city of Bagdad, Al-Ahdab Oilfield has a structural area of about 200 square kilometers. As stipulated in the contract, CNPC will apply advanced development technologies to meet the benchmarks of 25,000 barrels/day of oil within the first three years and 115,000 barrels/day of oil by the end of sixth year. After the oilfield go on stream, it will supply some of the produced oil to fuel the nearby power plants to ease the power shortage in Iraq.
On November 3, 2009, CNPC, and British Petroleum (BP), inked a technical service contract with Iraq's State Oil Marketing Organization (SOMO) and South Oil Company (SOC) in Baghdad to expand production Iraq's Rumaila Oilfield.
Rumaila Oilfield is located 50 kilometers west to Basra in South Iraq, covering an area of 1,800 square kilometers. Discovered in 1953 and been operational in 1972, Rumaila is the largest oilfield in Iraq and the 6th in the world, with oil reserves of about 17 billion barrels. CNPC and its partners will expand Rumaila's daily productivity to 2.85 million barrels from the current 1.1 million during a six year period, which will help Iraq rebuild its economy. |
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| | | | CNPC provides a range of oilfield services in Iraq, including seismic data acquisition, well drilling, well logging and testing.
In June 2005, CNPC signed a contract with Norway's DNO on drilling 3+6 wells with a "50D" drilling rig. We entered the market in northern Iraq at the end of 2005 and provide well logging and testing services to DNO and ADDAX. In 2006, CNPC completed two seismic data acquisition projects for DNO. |
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| | | | Nov. 3, 2009 A service contract for Rumaila oilfield was signed between CNPC, BP and Iraq's State Oil Marketing Organization (SOMO) in Baghdad. |
| | | | | Jun. 30, 2009 CNPC/BP alliance was awarded a tender in the first round of the international bidding for Iraq's oil & gas fields. The two bidders jointly won a service contract to develop Iraq's Rumaila oilfield.
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| | | | Nov. 10, 2008 A service agreement is signed with Iraq's Ministry of Petroleum on the development of the Al-Ahdab Oilfield. Under the agreement, CNPC will increase the oilfield's production capacity to 25,000 barrels per day within three years, and to 115,000 barrels per day within six years. |
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