Iraq invites bids to drill 7 new oil wells

August 5, 2008 - 0:0

BAGHDAD (Trade Arabia)—Iraq’s Oil Ministry is inviting bids for drilling seven new oil wells and finishing work on four natural gas wells.

While the last date to submit bids for drilling in the East Baghdad oil field is September 15, for completing four gas wells in the Akkas gas field in western Iraq, its September 30, according to an AP report.
Operations in the East Baghdad oil field were stopped in 2003 but it is estimated to have reserves of 5 billion barrels.
Estimated reserves of the Akkas gas field are more than 2.15 trillion cubic feet.