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PART TWO
OAPEC Activities in 2012
The company adopted all types of perforators for use in the
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complicated reservoirs, providing the company with the ability to
implement any such business activity.
The company continued to carry outmaintenance and re-construction
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of old installations, vehicles, devices and equipment for the purpose
of sustaining business and buildings.
Well logging and perforation operations were completed as per
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original contracts executed with the Iraqi south and north oil
companies, Iraq drilling companies, and Missan Oil Company.
It is noted that the company’s business activities and profits have
slightly increased as the company upgraded its equipment and vehicles,
and as it obtained certificates in industrial safety and environment from the
UK, and non-boycott certificate from the US government. In 2011, and the
first half of 2012, the company completed a total of 351 successful logs,
which realized revenues and profit for the periods of US$8,103,371, and
US$1,317,338, respectively.
2. Relations with Iraqi Beneficiaries
The Ministry of Oil, its government departments, north and south oil
companies, Missan Oil Company, Middle Oil Company, and Iraqi Drilling,
continued to provide AWLCO with assistance, as follows:
His Excellency the Minister of Oil directed the Middle Oil Company
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to allocate a plot of land as a work site for AWLCO in the company’s
locations at East Baghdad Field, as per the request of AWLCO.
Economic Department prepared all official letters required by the tax and
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customs departments to cover the business activities of the company.
Economic and Financial Department caused the issuance of all
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security approvals to acquire and enter perforators into Iraq, with
delivery to the work sites.
Administrative Department provided the company with all
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administrative letters necessary for its business.
Production companies provided all fuels and certain materials
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necessary for work.
