The Oil Exploration Company Holds its Periodic Board Meeting to Review Performance and Work Plans

The Oil Exploration Company held at Ninawa Hall in the company’s headquarters on Tue. 28/7/2026 its periodic Board meeting to review performance and work plans, chaired by the Director General of the Oil Exploration Company, Dr. Osama Raouf Hussein, and attended by members of the Board of Directors.

The meeting began with a recitation from the Holy Quran, followed by a welcoming address from the Director General. During the meeting, technical and financial performance reports were reviewed, and progress on seismic survey programs, national exploration projects, and licensing round contracts with foreign companies was monitored. Emphasis was placed on the importance of adhering to the established timelines for these projects, which contributes to supporting the company's plans and developing the oil sector in Iraq.

The Board also discussed mechanisms for enhancing coordination among the company's various departments and divisions, working to improve institutional performance and develop the work environment, as well as discussing future plans.

He also stressed the necessity of adhering to the highest occupational safety standards, given the great importance of human resources to the company's senior management.

At the conclusion of the meeting, the Director General commended the outstanding performance and dedicated efforts of the Third Seismic Crew for completing the 2D Sumer project for the Chinese company Sinopec in Muthanna Governorate, within the exploration block belonging to Dhi Qar Oil Company, 33 days ahead of schedule.

He also praised the Sixth Seismic Crew for completing the 3D exploration block nine for Kuwait Energy in Basra Governorate, achieving 100% completion. He emphasized that these achievements demonstrate the capability of our national workforce to execute strategic projects according to the highest technical standards, in less time than planned, and through purely national efforts, despite harsh environmental conditions and challenging terrain.