Core Insights - The first permanent fiber optic well in Iraq has been successfully completed, located in the Maysan oil field led by China National Offshore Oil Corporation (CNOOC) [1] - This technology allows real-time monitoring of temperature, pressure, and production contributions, enhancing oil field management and production optimization [1] - The implementation of this technology is part of CNOOC's broader efforts to advance digitalization and improve oil field efficiency [1] Group 1 - The fiber optic well was installed to a depth of 5,000 meters, enabling the detection of fluctuations in temperature, heat, and pressure in real-time [1] - Previously, oil wells required regular shutdowns for measurements, resulting in production losses and increased costs, with each maintenance operation costing approximately $500,000 [1] - The project signifies a new advancement in the development of the Maysan oil field and demonstrates the company's technical strength and management capabilities in line with international oil and gas industry best practices [1] Group 2 - The manager of the joint operating agency for the Maysan oil field highlighted the well's ability to provide precise information for scientific management and production optimization [1] - CNOOC Iraq has also led and promoted a series of new technologies and processes over the past year to address bottlenecks in stable production [1] - These initiatives are aimed at enhancing the quality and efficiency of oil production in the field [1]