Vendaval -> RE: Drill Baby ! President Obama opens offshore drilling and exploration (3/31/2010 9:24:46 PM)
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Hello Thadius, Please let us know what you find out. Do you think this could be related to the problems with oil production and transportation in Iraq? "Iraq’s Civic Infrastructure Iraq’s civic infrastructure is in a bad state of disrepair and is inadequate. It cannot support the huge work expected in the fast development of the oil fields awarded. Rumaila alone requires 1,200 wells to be drilled. The other nine fields, along with those under EPCs and direct execution, will push the number of required wells to around 8,000. This workload together with the requirement for a great deal of heavy equipment required for the building of the new oil infrastructure, cannot be borne by the existing roads, bridges and port facilities. Vast amounts of electricity and water will be needed – neither is available. Hospitals, warehouses, services centers and the like are already in short supply of both. Oil field electricity needs can partially be covered by self-generation and distribution by the oil companies, as the old Iraq Petroleum Company (IPC) did. The resulting costs will be included in the total costs of development contracts, which will be ultimately borne by Iraq. The other electricity requirements must be handled by the Iraqi government, preferably through the private sector. Such works must start in 2010 and will require huge funds, which cannot be covered by the meager oil revenues expected during the first three years. Foreign and local direct investments and soft loans are needed. Water supply is a very serious problem. The oil companies will undertake water treatment for injection and will process effluent water, but the water they need is very scarce already. It is up to the government to provide the necessary water through restoring the flow from the tributaries to the main Iraqi rivers, increasing the intake at the Turkish and Syrian borders of the Tigris and the Euphrates, as well as carrying out distribution projects and greatly improving the efficiency of water usage in agriculture." http://www.mees.com/cms/2010/02/a-tentative-forecast-for-iraq%E2%80%99s-oil-production-2010-20/
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