Missan Oil Company

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Missan Oil Company is Iraq’s third-largest state-owned oil and gas company [1] located in the Maysan Governorate, Iraq. It was spun off from South Oil Company in 2008 to expand oil activities in Maysan and to set up joint ventures with international companies to develop the province's oil fields.[2]

History

The Missan Oil Company was created as part of a plan for each Iraqi province producing at least 100,000 barrels per day (bpd) to have its own state-run oil company to focus on developing oilfields there. Total oil output from Maysan province was between 100,000 and 110,000 bpd when the company was created,[3] and planned to increase output to 120,000 bpd by the end of 2011.[4] The start-up capital of the company was $8 million, a government statement said.[3]

Areas of operation

As of December 2011, Missan's oil fields included six producing - Bazergan, Abu-Gharb, Fakka and Halfaya, as well as Majnoon, which it operates in partnership with the South Oil Company. Missan also holds five discovered but unproducing fields, including the Huweiza, al-Rafi’e, East Rafidan, Dujeila and Kumait.[5]

The company announced in February 2010 it had awarded a drilling contract to a UK company called Mesopotamia Petroleum to work on the Halfaya field. The same notice also stated that the US company Weatherford had been awarded a contract worth $224 million to work on the other oil fields in Maysan province.[6]

The Aswat al-Iraq news agency reported in December 2011 that a number of American, Malaysian, French and Japanese companies were interested in working with Missan Oil Company, with a company official stating that over 100 companies have offered to work in the company’s oil, excavation, supplies and other oil services.[5]

Personnel

Missan Oil Company's Managing Director was engineer Ali Muarij until he was removed from the post in June 2011 after being charged with bad administration and failure to achieve higher oil production results during his assignment. Muarij's replacement has not yet been named.[7] The company's headquarters are in Maysan province's capital, Amara, and the company website lists several phone numbers and email contact addresses.[5]


See also

External links

References

  1. ↑ http://www.bloomberg.com/news/2012-06-18/cnpc-partners-to-raise-output-at-iraq-halfaya-oil-field-in-july.html
  2. ↑ Ibrahim, Waleed (Jun 28, 2008). "New Iraq oil firm aims to triple production in Maysan". Reuters. http://uk.reuters.com/article/idUKL2856176720080628. Retrieved 24 January 2010.
  3. ↑ 3.0 3.1 "New Iraq oil firm aims to triple production in Maysan" Reuters, 28 June 2008.
  4. ↑ "Iraq Aims to Join OPEC Quota System in 2014" Bloomberg, 26 October 2011.
  5. ↑ 5.0 5.1 5.2 "Foreign Companies Keen to Work for Missan Oil" Iraq Business News, 1 December 2011.
  6. ↑ "Maysan Oil Company Awards Drilling Contracts", Investors Iraq, retrieved July 20, 2010
  7. ↑ "South Iraq Missan’s Council sacks Missan Oil Company’s DG from his post " Aswat Al-Iraq, 9 June 2011.


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