Iraq’s Oil Minister, Hayan Abdul Ghani, highlighted the importance of the deal, emphasizing its role in the national agenda to expand gas production capacity. The agreement outlines plans for Schlumberger to drill new wells, initially targeting a production capacity of 100 million standard cubic feet per day (mmscfd), with ambitions to quadruple output to 400 mmscfd over the long term.
The new contract supersedes a previous agreement with a Ukrainian firm and includes the development of surface infrastructure and the construction of pipelines. These pipelines will link Akkas, located in Al-Anbar province, to central processing units and the al-Anbar Power Station, which is currently under development. This infrastructure is vital for efficiently channeling gas to meet Iraq’s growing energy demands.
Gokhan Yarim, President of Integrated Projects at Schlumberger, expressed enthusiasm about the collaboration, committing to adhere strictly to the project timelines. “We are committed to delivering on schedule and are excited about the long-term possibilities this partnership holds for both Schlumberger and Iraq,” Yarim stated.
Deputy Oil Minister for Extraction Affairs, Bassem Mohammed Khudair, lauded the agreement as a strategic leap forward, combining Iraq’s domestic capabilities with Schlumberger’s global expertise. He identified Akkas and Mansuriya as priority fields for the country, noting their potential to significantly reduce gas flaring and increase overall output.
Energy analyst Dr. Leila Hassan commented on the deal’s significance, saying, “This partnership is not just about increasing gas production; it represents a broader commitment to modernize Iraq’s energy infrastructure and maximize the country’s natural resources. By leveraging Schlumberger’s technology and expertise, Iraq is poised to make substantial gains in energy security and economic growth.”
