Iraq’s Missan Oil Plans to Drill 80 Wells, Including in Halfaya

Missan Oil Co., Iraq’s third-largest state-owned oil company, plans to drill 80 new wells in the southeastern region that will boost crude output to as much as 300,000 barrels a day next year, its director general said.

The oilfields in Missan province produce 200,000 barrels a day, including 100,000 barrels from Halfaya, whose shareholders include China National Petroleum Corp. and Paris-based Total SA (FP), Ali Muarej said today in an interview in Baghdad.

Total, CNPC and Petroliam Nasional Bhd., the Malaysian oil company known as Petronas, are developing Halfaya. CNPC has a 50 percent share in the project, while Total and Petronas each own 25 percent.

To contact the reporter on this story: Kadhim Ajrash in Baghdad at kajrash@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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