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South
oil company one of the major fundamental formations of Iraqi national oil
company (INOC) ,it's the first nucleus and the basic of national direct
investment projects in the seventies ,where the SOC was subsidiary to national
company .Events and activities have escalated steadily and rapidly rising since
the beginning of the seventies where investment and development stages of the
north Rumaila field were completed,in three stages lead to rates production
(42)million tons per year ,coincided with the expansion of works in all fields
,the expansion began with drilling works ,building and expanding production
facilities and implementing investment projects associated with natural gas
field in north and south Rumaila ,also developing new fields in Luhais , Saba ,
Nuhran Ben Ummer
and oil fields inMaysan
lay
out exporting pipe line , expanding export facilities ,
infrastructure sites for the company . Coupled with
provisional of service, housing and health care to
company's staff, and achieve ambitious plans in fields
of rehabilitation, development and creating institutes
and centers for training, technical and administrative development.
During the mid – seventies decree to nationalize the Basra oil company
(BPC),also activities of Erab company in Maysan attachment to the oil operation
and establishment to the national oil company ,the SOC classified as first
company in Iraq and the eighth in production rating for global oil companies .
The company activities were covered an area of geographical limits of their
effectiveness (180)th/m² stretching from the Arabic Gulf to Hadeth .During
the seventies period the maximum rates production from
the south fields (2.75) million barrels /day ,and the
plans were designed to reach the limits of (4) million
barrels /day. |