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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tomas who wrote (45692)5/31/1999 4:32:00 PM
From: BigBull  Read Replies (1) of 95453
 
Thomas, good digging, man. Ever since the thread got wind of the damage to Iraqi fields, I've wondered about exact numbers. Your post is a beginning in getting a clearer picture of the situation in Iraq. The following statements in the article caught my attention.

1. 20% of Iraqi wells damaged irreparably.
2. 4 - 8% of Iraqi production has been lost.
3. Less 500,000 bpd for internal consumption, Iraq may be capable of only 2 mill bpd.
4. As long as sanctions are in place the situation will get worse, not better.

Iraqi's can talk all they want about increasing production to 3.5 mbpd in two years, but the facts on the ground strongly suggest that this is only a dream. They may not even be able to produce 2.5.

arabia.com
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