ALJUHUD Oil Services

Eridu oil field

The Iraqi Ministry of Oil issued a clarification on the Arido oil field, confirming that it was discovered in 2016.

The statement issued by the Ministry, Friday, (12 November 2021), due to what was published by some media and news sites about the Eridu oil field, And the inaccuracy of the information reported by these sites and news sites.

This “tenth” exploratory patch was transferred “in the fourth licensing round on the Russian Lukoil’s 60% and Japan’s Inpex (40%) perimeters, and the contract was signed in 2012,” the statement said.

It is noteworthy that the area of ​​this “tenth” plot is (5806) square km.

The signed contract included “drilling (9) wells, (3) exploratory and (6) appraisal during the exploratory period,” according to the ministry.

The discovery of the Arido 04 field came for the activities carried out by its subsidiaries and construction within the tenth block, based on the results of two-dimensional seismic surveys in 2016.

The Ministry of Oil indicated that “the initial flights as a result of the studies submitted by the company indicate that its oil reserves are between (7-12) billion barrels.”

It is hoped that this field will produce at its peak (250) barrels per day, of oil.

The Ministry of Oil that the operator (Lukoil Company) submitted a commercial discovery announcement and a preliminary development proposal to the Ministry of Oil

The ministry called on the media, the press and news websites to be accurate, objective and professional when circulating news