Q&A: Khalid Hamza Abbas, director general of the Iraqi Drilling Company (CORRECTED)
Iraq’s state-run drilling company is seeking to modernize its fleet and optimize its existing capacity.
Khalid Hamza Abbas, the director general of the Iraqi Drilling Company, at his office in Basra in August 2024. (ALI AL-AQILY/Iraq Oil Report)
CORRECTION: Due to an editing error, an earlier version of this story included introductory text incorrectly stating that only 10 of the IDC’s 43 rigs are currently in operation. In fact, 33 rigs are in operation, according to Abbas. The story has been updated.
BASRA - The state-run Iraqi Drilling Company (IDC) has historically been an important player in Iraq’s oil sector, competing with foreign drilling companies on price and helping to mitigate field development costs throughout the country.
At the moment, 33 of the company’s 43 rigs are in use, according to Khalid Hamza Abbas, the director general of the IDC, who gave an interview to Iraq Oil Report at his office in Basra.
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