Russian oil company Rosneft said on Wednesday it had opened a new oil field in Iraq called Salman, which would contribute to the country's increased crude production.
"Bashanft International, a subsidiary of the Rosneft Group, opened a new oil field called Salman, based on the results of drilling the first exploratory well in Block 12 in Iraq," the Russian company said in a statement.
It added that crude oil was discovered after digging a well with a depth of 4277 meters, which is an indication of the discovery of reserves of crude.
The 12th oil exploratory area in Muthanna province in southwestern Iraq is part of an undisclosed part.
Rosneft, Russia's largest oil company, did not disclose the size of the expected reserves for the new field, but said the disclosure was a milestone in the development of the company's international exploration and production projects.
Rosneft is not the only Russian oil company to operate in Iraq, with Lukoil and Guobrom Oil also involved in oil projects in the energy-rich country.
SOURCE
"Bashanft International, a subsidiary of the Rosneft Group, opened a new oil field called Salman, based on the results of drilling the first exploratory well in Block 12 in Iraq," the Russian company said in a statement.
It added that crude oil was discovered after digging a well with a depth of 4277 meters, which is an indication of the discovery of reserves of crude.
The 12th oil exploratory area in Muthanna province in southwestern Iraq is part of an undisclosed part.
Rosneft, Russia's largest oil company, did not disclose the size of the expected reserves for the new field, but said the disclosure was a milestone in the development of the company's international exploration and production projects.
Rosneft is not the only Russian oil company to operate in Iraq, with Lukoil and Guobrom Oil also involved in oil projects in the energy-rich country.
SOURCE