Iraq is encouraging the development of several oil fields in its ThiQar province. The Iraqi Drilling Company started work on the first of its 20 oil wells at the Nasiriya oil field, in conjunction with the U.S.’s Weatherford. $100 oil has prompted the Iraqi government to fast-track development of more technically challenging oil fields. With Brent crude oil still holding above the key US$100.00 per barrel support level, Iraq is looking to optimise its oil output, including from those fields that are regarded as slightly more difficult to exploit than others in the country. Encouraging the development of these fields – including several in the ThiQar province, most notably Nasiriya and Gharraf – also allows Iraq to judge which of the potential foreign suitors for these more difficult oil and gas projects might make suitable partners in other areas of its hydrocarbons sectors. For obvious reasons right now, companies […]