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

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Oct. 10 (Bloomberg) -- 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, 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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