Schlumberger to develop Iraq's Akkas gas field
According to a statement released by the Prime Minister's Office (PMO), Schlumberger, a global multinational oilfield services company, will implement the first phase of the field's development.
The gas field is expected to produce 100 million standard cubic feet of gas per day within one year.
The Akkas gas field, which was found in 1992, has approximately 5.6 trillion cubic feet of confirmed natural gas deposits.
The Iraqi Ministry of Oil announced in April that it had signed a contract with the Ukrainian company Ukrzemresurs to develop the Akkas gas field in the western Iraqi province of Anbar.
The Akkas gas field, which has sizable reserves, was being developed by the Korea Gas Corporation (KOGAS), a South Korean public natural gas company, before Ukrzemresurs won the contract.
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