The Oil Exploration Company Holds its Fourth Board Meeting of 2026
The Oil Exploration Company held its fourth board meeting of 2026, chaired by the Director General, Dr. Osama Raouf Hussein, and attended by the board members.
The meeting was characterized by a high sense of responsibility and renewed ambition to continue the company's progress. The meeting began with a recitation from the Holy Quran, followed by an inspiring speech from the Director General, who emphasized the importance of the current phase and the need for concerted efforts and teamwork. He also spoke about the achievements of the second seismic crew, which conducted the 2D seismic survey for Al-Qurnain project in Najaf Governorate, highlighting the project's economic importance to the country and the accompanying security and environmental challenges.
The meeting included a comprehensive review of technical and financial performance reports, along with a close monitoring of the progress of seismic survey programs and exploration projects. Emphasis was placed on accelerating the pace of work and adhering to the established timelines, thereby strengthening the company's role in supporting the Iraqi oil sector.
The Board also discussed the security challenges facing the work of the seismic crews, emphasizing the need to strengthen coordination with security agencies to ensure a safe and stable working environment. At the same time, the Board commended the great dedication and courage shown by the personnel working in the field despite the difficult conditions and harsh terrain.
The meeting addressed prospects for developing institutional work by enhancing coordination between departments and divisions, improving performance efficiency, and adopting modern approaches that contribute to improving the work environment and motivating potential. Future investment plans were also discussed with an ambitious spirit that keeps pace with challenges and capitalizes on promising opportunities.
The Chairman of the Board stressed that the safety of employees is a paramount priority that brooks no compromise, calling for adherence to the highest occupational safety standards, considering human resources the cornerstone of achieving success.
In closing, he emphasized the need to redouble efforts and move forward with greater determination towards achieving strategic goals, thereby strengthening the company's leading role in exploring and developing hydrocarbon resources and replenishing depleted reserves, and contributing effectively to supporting the national economy and consolidating the foundations of sustainable development.
