Iraq Khana oil field drilling deal signed for 8 wells as the government moves forward with plans to raise oil output. The project is part of Iraq’s strategy to increase total national production to six million barrels per day by 2029.
The Middle Oil Company (MOC) announced that it signed an agreement with several international partners. In addition, the deal covers drilling eight wells in the Khana oil block, located in Diyala province in northeastern Iraq. The contract involves the British firm NK Petroleum Limited, along with Ongman Petroleum Engineering and Services and H&L Petroleum DMCC.
Officials explained that drilling at the Khana block will target depths between 3,500 and 5,000 meters. However, Engineers expect advanced technology to play a central role in improving the speed and efficiency of operations.
Iraq Khana oil field drilling deal signed for 8 wells reflects the government’s determination to fast-track development. Mohammed Yassin Hassan, director of the Middle Oil Company, confirmed earlier this year that the timeline for the Khana project was shortened. As well as, he noted that production will now begin in less than two years, compared to the earlier five-year schedule.
The Khana field covers about 2,250 square kilometers, equal to nearly 40 percent of Baghdad’s total land area. Discovered in the early 1920s, it is considered one of Iraq’s oldest oil sites, with production starting decades ago.
Iraq Khana oil field drilling deal signed for 8 wells aims to boost both oil and gas production. Additionally, initial estimates suggest the project will begin yielding crude by late 2026. Expected capacity includes 9,500 barrels of oil per day and around 40 million standard cubic feet of natural gas.
Industry analysts say the Khana project highlights Iraq’s growing reliance on international partnerships. By working with foreign companies, Iraq can adopt modern drilling techniques and reduce project delays. As well as, the cooperation also provides financial and technical support that strengthens long-term energy development.
Officials emphasize that the Khana field expansion fits into a larger national vision. Iraq plans to increase capacity, upgrade facilities, and build a stronger role in the global oil market. With rising global energy demand, Baghdad sees projects like Khana as essential for stability and growth.