Shafaq News- Baghdad
Iraq's Oil Exploration Company signed a contract onWednesday with China's ZhenHua Oil to conduct seismic surveys at the AbuKhaimah oil field in Al-Muthanna Province under projects included in the fifthlicensing round supplement and the sixth licensing round.
Deputy Oil Minister for Extraction Affairs Nasser Aziz said,“The contract aligns with the ministry's strategy of adopting advancedexploration technologies to obtain accurate seismic data for evaluatinggeological structures and increasing the chances of discovering new oil and gasreserves.” The project would help increase Iraq's hydrocarbon reserves, supportinvestment projects across the provinces, and strengthen cooperation withinternational energy companies operating in the country.
Oil Exploration Company Director General Osama Rashidexplained that Iraqi technical teams would carry out the project on behalf ofthe Chinese company, “helping to strengthen national expertise and expand therole of local personnel in exploration projects.”
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