| | | 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.
In the first and second rounds of international oil/gas bidding in Iraq, CNPC joined forces with BP in winning the operating rights to Rumaila, and with Total and Petronas in winning the contract for Halfaya. |
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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.
In 2009, seismic exploration and drilling operation had been deployed in Iraq’s Ahdab Oilfield. The first horizontal well AD010H completed at a depth of 3,550 meters, with the horizontal interval of 848 meters. The core recovery rate reached 97.58%, the highest in the region. | | | | | | | | | Dec. 11, 2009 At the second round of international bidding for Iraqi oil and gas fields, a consortium by CNPC, Total and Petronas wins the Halfya oil field service contract.
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 The China National Petroleum Corporation (CNPC)/BP alliance is awarded a tender in the first round of the international bidding for Iraq's oil & gas fields. The two bidders jointly win a service contract to develop Iraq's Rumaila oilfield.
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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