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Oil and Gasoline > Oil well

The following information is about Oil well.

Oil well Defined

Any well which produces one barrel or more crude petroleum oil to each 100,000 cubic feet of natural gas.

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Off-site Oil well Links, User Submitted

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  • UPDATE 4-UK firm gets 1st of possibly many Iraq well deals| Reuters: BAGHDAD, Feb 26 (Reuters) - Iraq's Oil Ministry and British firm Mesopotamia Petroleum Company signed a joint venture deal on Thursday to drill 60 new oil wells per year, starting with oilfields in the south of the country. The joint venture, which will have a start-up capital of $90 million and be 51 percent owned by Iraq, is expected to raise Iraq's oil production by 120,000 barrels per day within a year, said Idrees al-Yassiri, head of the Iraq Drilling Company.

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