03 May 2007
Al Waha is to present a revised technical proposal by the end of May for developing the Ahdab oilfield in Iraq, according to Iraqi Oil Minister Hussain Shahristani.
The proposal involves drilling horizontally from a single well at Ahdab in order to preserve valuable agricultural land. The Chinese had a $700 million deal for Ahdab with Baghdad before the 2003 invasion and occupation of Iraq.
Al Waha is to present a revised technical proposal by the end of May for developing the Ahdab oilfield in Iraq, according to Iraqi Oil Minister Hussain Shahristani.
The proposal involves drilling horizontally from a single well at Ahdab in order to preserve valuable agricultural land. The Chinese had a $700 million deal for Ahdab with Baghdad before the 2003 invasion and occupation of Iraq.
However, all pre-war oil agreements with the government of Saddam Hussain have to be reviewed under a draft oil law now under consideration.
AlWaha is partly owned by China National Petroleum Corporation.
© Upstream 2007
