Iraq discovers new significant quantities of oil and gas

, while noting that this discovery will change the number of Iraqi crude oil reserves .

Sindbad field is located in Shatt al- Arab district near Iraq-Iran border ; as Brazil's Petrobras company has tried to explore it in 1974 but failed

The head of the excavation and reclamation in the Southern Oil Company , , Basem Mohammed Khudair said in a press statement received by “Shafaq News " that “ We have dug wells at a depth of 4371 meters and discovered large quantities of crude oil and natural gas in Yamama layer as reached for more than six thousand barrels of oil per day in addition to 16-17   Mqmq   of natural gas, the next step will be to explore Zubair field “.

"We believe that this discovery will change the number of Iraqi crude oil reserves and natural gas "

“This matter has increased the insistence of the cadres of the Ministry of Oil represented by Iraqi oil exploration and drilling company and South Oil Company to continue to work ," noting that " the cost of the completion of the first phase of this project will be five times less, which was demanded by foreign companies and this is a bright page in the register of the Ministry of Oil and Iraqi cadres ” Khudair added.

It is scheduled to for a large number of oil and gas exploration areas to be submitted to tender in new licensing rounds organized by the Ministry of Oil at mid of next year .