An Iraqi company signs memorandums of understanding with American companies to develop the “Bin Omar” gas field
An Iraqi company signs memorandums of understanding with American companies to develop the “Bin Omar” gas field
2024-05-02 06:53
Shafaq News/ The Iraqi Raban Al Safina Company signed 9 memorandums of understanding with 7 American companies within the framework of the Bin Omar gas field development project in Basra Governorate.
This was revealed by Ahmed Al Mohsen, Business Development Manager for Oil and Energy Projects.
Al-Mohsen indicated in an interview with Al-Sharq that the companies with which agreements were signed include KBR, Honeywell, Baker Hughes, and Emerson ( Emerson, and GE.
He explained that the agreements include multiple scopes, including implementing engineering designs, preparing main equipment, and providing technology for processing natural gas, in addition to high-efficiency energy production solutions.
At the end of 2023, the Iraqi Council of Ministers approved the implementation of the Nahr Bin Omar field gas development project according to the “Build, Own, Operate and Transfer” (BOOT) principle for a period of 15 years after the date of commercial operation, following the approval of the signature of the South Gas Company, a subsidiary of The Iraqi Ministry of Oil has an agreement with the Halfaya Gas Company, which is part of the “Rabban Al Safina” group, the Iraqi developer in the energy, oil and gas sector.
The “Nahr Bin Omar” field project is an integrated project that includes collecting, compressing, processing gas, and extracting liquefied petroleum gas, according to Al-Mohsen, who pointed out that the project includes constructing a pipeline to transport natural gas to power stations in Iraq, in addition to building a marine platform in the port of Umm Al-Qasr for export. Liquefied gas to global markets.
Bin Omar field is a giant oil and gas field located in Basra Governorate, near the Shatt al-Arab. The field’s oil reserves amount to one billion barrels, and about 780 billion cubic meters of gas.
shafaq.com
