Tuesday, March 24, 2026
16 C
Baghdad

Schlumberger Begins Large-Scale Development at Iraq’s Akkas Gas Field

Akkas gas field development begins with full momentum as Schlumberger, a global oilfield services company, launches operations in western Iraq. The Oil Ministry confirmed that the company started work at the Akkas field in Anbar, marking a critical step for Iraq’s energy ambitions.

Deputy Oil Minister Basim Khudair stated that Akkas gas field development aligns with increasing interest from multinational oil firms. These companies are eager to invest in Iraq’s growing oil and gas reserves. This move signals strong international confidence in Iraq’s energy sector.

Previously, the Iraqi cabinet approved a rapid development plan for the field. This decision, made in April, authorized the Midland Oil Company to fast-track implementation. The initial phase of the project is now in progress, with Schlumberger leading the efforts.

The project is expected to produce 100 million standard cubic feet of gas per day within one year. Furthermore, the Akkas field holds an estimated 5.6 trillion cubic feet of proven natural gas reserves, making it one of Iraq’s most promising resources.

In addition, Izzat Sabir, Undersecretary for Gas Affairs, announced that the gas will power a key station in Anbar. That plant will generate up to 1,640 megawatts of electricity using the supplied fuel.

Importantly, the government aims to raise the field’s production to 400 million cubic feet per day. This increase is expected over the next four to five years. That would meet growing domestic energy demands and help stabilize Iraq’s electricity grid.

Akkas gas field development had seen earlier involvement from KOGAS, a South Korean gas company. However, Ukrainian firm Ukrzemresurs recently signed a new deal, giving it a leading role alongside Schlumberger.

This collaborative effort shows Iraq’s commitment to long-term energy growth. The project also illustrates how global partnerships are reshaping the nation’s gas sector. As production grows, Iraq’s western regions could finally benefit from stable and reliable power generation.

Hot this week

Capital Stability Boosted as Baghdad Expands Security Operations

The Baghdad security surge continues as officials reinforce safety measures across...

U.S. Honors Fallen Crew After Iraq Crash Amid Iran Conflict

The Dover dignified transfer ceremony drew attention on Wednesday as officials...

Deadly Strike Rocks Nineveh Plain as Regional Tensions Surge

The Nineveh Plain airstrike escalation intensifies after a strike killed a...

Iran-Backed Militia Threatens U.S. Bases in Iraq Amid Escalating Regional Tensions

Iran-backed militia vows continued attacks on U.S. bases in...

Dollar Falls in Baghdad and Erbil Markets as U.S. Currency Weakens Across Iraq

The dollar falls in Baghdad and Erbil markets as...

Topics

Capital Stability Boosted as Baghdad Expands Security Operations

The Baghdad security surge continues as officials reinforce safety measures across...

U.S. Honors Fallen Crew After Iraq Crash Amid Iran Conflict

The Dover dignified transfer ceremony drew attention on Wednesday as officials...

Deadly Strike Rocks Nineveh Plain as Regional Tensions Surge

The Nineveh Plain airstrike escalation intensifies after a strike killed a...

Iran-Backed Militia Threatens U.S. Bases in Iraq Amid Escalating Regional Tensions

Iran-backed militia vows continued attacks on U.S. bases in...

Gold Prices Decline in Baghdad and Erbil Markets as Iraq Sees Drop in Gold Rates

Gold prices decline in Baghdad and Erbil markets as...

Related Articles