70 Productive Wells Drilled since 1972

Iraqi technical teams have carried out seismic surveys on approximately 80% of all Iraqi territory, shooting around 170,000 sq. kms., since the nationalization of the oil industry in June 1972, according to Dr. Hashem al-Khurasan, Director of Exploration at the Oil Ministry. The Iraqi official added that 70 productive wells have been drilled during the past 15 years, compared to 60 drilled by foreign companies in the preceding 50 years.