BP and the China National Petroleum Corporation (CNPC) are working through a technical service contract (TSC) with Iraq’s state-owned South Oil Company (SOC) to increase production from the Rumaila oilfield, near Basra in south Iraq. The contract was signed in November 2009.
The contract has a 20 year lifetime and will aim to increase plateau production to 2.85 million b/d in the second half of the next decade. www.bp.com
Shell in Iraq currently has one major project already being Implemented – the Majnoon project which involves developing and upgrading the existing oilfield and facilities in the Majnoon sector, they are awaiting finalization of an Agreement with the Iraqi Government for the Iraq South Gas Utilisation Project (ISG). Under this Agreement Shell will form joint venture with the Iraq South Gas Company to rejuvenate, rehabilitate and upgrade the existing gas collection and processing facilities. www.shell.com
CNPC commenced oil negotiation with Iraq since 1997 and signed a service contract on the development of Al-Ahdab Oilfield with the Iraq’s Ministry of Oil in November 2008. CNPC also provides oilfield services in the country.
In November 2008, CNPC signed a Development Service Contract of Al-Ahdab Oilfield with Iraq’s Ministry of Oil.
Located 180 kilometers southeast to Iraq’s capital city of Bagdad, Al-Ahdab Oilfield has a structural area of about 200 square kilometers. CNPC will apply advanced development technologies to meet the benchmarks of 25,000 barrels/day of oil within the first three years and 115,000 barrels/day of oil by the end of the sixth year.
On November 3rd 2009, CNPC, and British Petroleum, signed a technical service contract with Iraq’s State Oil Marketing Organization (SOMO) and South Oil Company (SOC) in Baghdad to expand production on Iraq’s Rumaila Oilfield. www.cnpc.com.cn
Eni was awarded the license for the development of the Zubair giant field in Iraq on the 13th of October 2009, following a successful first round bid. The license was awarded to an Eni-led consortium (with Eni as Operator), consisting of the US Occidental Petroleum Corporation and Korea Gaz Corporation.
The Zubair field, one of the largest Iraqi oil fields, currently produces 195,000 barrels of oil per day. In the next seven years, under the field’s expansion programme, production is expected to reach a plateau level of 1.125 million barrels of oil per day. www.eni.com
Within the framework of Iraq’s second petroleum bidding round organized by the Iraqi Ministry of Oil on December 12th, 2009, the consortium led by PetroChina Company Ltd signed on January 27, 2010 a 20-year Development and Production Service Contract with Missan Oil Company for the development of the Halfaya oil field. Total E&P Iraq holds a 18.75% interest in the consortium, alongside the operator PetroChina (37.5%) and partners Petronas Carigali Sdn. Bhd. (18.75%) and the State Partner South Oil Company (25%). www.total.com
Exxon Mobil and its Iraqi partners reached “a major milestone” for oil production at the West Qurna oil field in southern Iraq, an Iraqi executive said. West Qurna is about 40 miles northwest of Basra near outlets to the Persian Gulf.
Exxon Mobil announced field production at West Qurna-1 rose from 244,000 barrels of oil per day to 285,000 bpd under the terms of a technical services contract. www.exxonmobil.com
In 2009 a Consortium of LUKOIL and the Norwegian company Statoil won a tendering competition for rights to develop the West Qurna-2 field. The field is one of the largest in the world, which are not currently being developed, and is located in the southern Iraq, 65 km north-west of the large port city of Basrah.
Recoverable reserves at the field are close to 13 billion barrels. The main productive horizons are Mishrif, Yamamah, Hasib, Maudud, and Zubair. More than 90% of reserves are concentrated in Mishrif and Yamamah reservoirs. The field was discovered in 1973. Geological exploration (2D seismic and drilling of exploration wells) was carried out by Soviet geologists and service organizations. www.lukoil.com