Iraq’s South Gas Company (SGC) and Halfaya Gas Company (HGC), a subsidiary of PetroChina, have signed a contract for the development and processing of gas from the Nahr Bin Umar field in the Southern port of Basra, with a capacity of 150 million standard cubic feet per day, reported the Iraq Oil Ministry.
The contract is on BOOT (build-own-operate-transfer) basis and could be expanded later to produce an additional quantity of 150 mcf/d.
In other remarks, Oil Ministry Undersecretary Izzat Sabir said the project would be completed within 36 months and would include construction of gas gathering facilities, storage tanks and pipeline networks to supply gas to power stations. Project values weren’t disclosed.