Iraq: 52 Oil Wells Drilled, Reclaimed in Q1 2024

Baghdad, The Iraqi Ministry of Oil announced that it has succeeded in drilling and reclaiming 52 oil wells during the first quarter of 2024. Director General of the Iraqi Drilling Company of the Ministry of Oil, Khalid Hamza Abbas stated that the company's technical and engineering teams have succeeded in drilling 19 oil wells and reclaiming 33 wells for the national and international exploration firms operating in Iraq. The Iraqi Drilling Company (IDC) is considered the most active arm in drilling and reclaiming oil wells in Iraq, with the Iraqi government striving to enhance the projects of increasing oil production in the country through a five-year plan to reach a daily production rate of six million barrels. Source: Qatar News Agency