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About Midland Oil Company

In 2010, Iraq’s oil ministry announced the launch of a fourth state company responsible for overseeing development in recently auctioned fields in the centre of the country

The Midland Oil Company joined the North, South, and Maysan companies as the latest state-owned organisation tasked with boosting production in the war-torn but energy-rich nation.

‘We decided to establish the Middle Oil Company which will be responsible for developing the oil fields in Baghdad and surrounding provinces,’ ministry spokesman Assem Jihad told AFP. ‘We took this decision following the country’s recent decision to grant licences to foreign companies. The Middle Oil Company will supervise the new developments.’

Midland Oil Company (MDOC) also known as Sharket Naft Wasit concession area is the most under-explored and largest area in Iraq, signifying huge potential and opportunities for oil and gas companies throughout the value chain.

With four producing oil fields including:

  • Ahdab, producing a significant 140,000 b/d which is co-owned by CNPC, Zhenhua and state company North Oil Company, with the current plateau target of 200,000 b/d. 
  • Midland also is the home of the (80,000 b/d Badra field, which Russia's Gazprom Neft operates with, Korea's Kogas, Malaysia's Petronas, Turkey's TPAO and state firm Oil Exploration Co.
  • East Baghdad has huge field reserves of 8bn barrels with China's Zhenhua signing an agreement in May 2018 to bring production to 40,000 b/d. 
  • Naft Khana which is owned by Geojade, a Chinese company, with developments in the near future.

With a recent bid round across Iraq, Midland Oil Company’s fields demonstrated significant importance for Iraq’s petroleum industry, with five of the eleven exploration blocks offered in the bid round from MDOC’s region, providing unparalleled investment opportunities for international oil and gas company’s throughout.

Of the awarded blocks in MDOC's concession area, Crescent Petroleum took Khashm al-Ahmar/Injana and GeoJade took Naft Khana. Other prequalified companies included Danagas from the United Arab Emirates, Dragon Oil (ENOC), from the United Arab Emirates, Schlumberger from the United States of America and Russia’s Zarubezhneft, which demonstrates the diverse, global interest that Midland Oil Company’s region offers.

 

Midland Oil Company’s Gas Industry and Opportunities

With a plethora of power challenges in Iraq, the need for gas to power has become more important for Iraq to meet its energy demands. Midland Oil Company has two non-associated gas fields prepared for development, Mansuriya (3.5-4.5tcf ) and Akkas (5.6tcf) which both require full infrastructure and development throughout.

In a recent interview with Waylon Fairbank of MEES, H.E Mr Thamir Abbas Ghadhban, Deputy Prime Minister for Energy and Minister of Oil of Iraq said, “before the end of the year I must have someone operating there” When referring to the Akkas field which was run by Kogas prior to Daesh intervention and subsequently surrendering in 2018. (Read full interview here)

As a country coming out of Daesh conflict over the past year’s and with Middle Iraq the most undeveloped region, The Iraq Midland Oil and Gas Summit and Exhibition provides a fantastic and unique opportunity to meet all of those who are shaping Iraq’s oil industry, understand the associated opportunities and forge partnership’s with one of the world’s most underdeveloped and largest oil and gas industries.

Contact the team below to find out how your company can take advantage of speaking, sponsoring, exhibiting and attending opportunities available at the IMOG Summit and Exhibition.

National Enquiries

Eng. Mohamed Shiha [email protected] +20 1001797986

International Enquiries

Paul Gilbert [email protected] +44 7850 025295