Oil Ministry drills, reclaims 105 oil wells in 2024

The Iraqi Ministry of Oil has announced that it had completed the drilling and reclamation of 105 oil wells across Iraq in the first half of 2024.

The Director of the Iraqi Drilling Company (IDC), Khaled Hamza, mentioned in a statement that the company completed the drilling of 33 new oil wells and the reclamation of 72 others for both local and international oil companies operating in Iraq, Shafaq News reported.

Hamza stated that the IDC is dedicated to completing its projects within the timeframes provided, emphasizing its critical role in supporting the national economy.

According to the Iraqi official, the IDC is always improving its technological and human skills to be able to face future challenges and achieve greater success.

Hamza explained earlier that engineers at the IDC completed the drilling and reclamation of 86 oil wells during the first half of 2023, compared to 92 oil wells in 2022.

The Parliamentary Oil, Gas, and Natural Resources Committee revealed last July that the government has drawn up plans to increase oil production to more than five million barrels per day.

According to the Iraqi lawmaker, Zainab Al-Moussawi, the committee supports the government’s directions to increase the production of crude oil and gas and to benefit from the associated gas to be used as fuel for power plants and in petrochemical industries.