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News // Middle East and OPEC

Gazprom Neft boosts oil production on Badra field in Iraq

25 July 2016 , 14:17Neftegaz.RU1008

 

Gazprom Neft Badra announced on July 22, 2016, that the company has commissioned its 10th production well (P-07) at the Badra field, Iraq.

 

Together with the other wells at the field, the P-07 well is in free-flow production. With production volumes at the newly launched well now at 6,527 barrels per day, its commissioning has allowed daily production levels at the field to reach 67,000 barrels.

Three other wells were also commissioned at the field earlier this year, collectively producing 24,000 barrels per day. Drilling of four further wells — P-10, BD-2, P-14 and P-19 — is currently ongoing, with construction expected to be completed in early 2017.

Construction of oil and gas infrastructure is also ongoing at the Badra field, with construction and installation works for the commissioning of the first line of an associated petroleum gas (APG) treatment facility now 60% complete.

A third process line was constructed at the field’s central processing facility in June, allowing the facility’s potential capacity to increase to the projected level of 115,000 barrels per day.

As at July 20 2016, total cumulative production since the commissioning of the Badra field stands at 2.9 million barrels of oil, of which 1.2 million tonnes has been produced since the start of the year.


The Badra oilfield is located in the Wasit Province, Eastern Iraq. Preliminary estimates indicate total oil in place at the Badra field to be in the order of three billion barrels.
The contract for development of the field is expected to run for 20 years, with potential for extension by a further five. The contract was signed with the Government of Iraq in January 2010, on behalf of a consortium comprising Gazprom Neft (operator), KOGAS (Korea), PETRONAS (Malaysia), and TPAO (Turkey).
Gazprom Neft’s interest in the project is 30%, with KOGAS, PETRONAS and TPAO holding 22.5%, 15 %, and 7.5 %, respectively. The share of the Iraqi government, represented by the Iraqi Oil Exploration Company (OEC), is 25%.

Field development is being undertaken by Gazprom Neft Badra, and marketing of Iraqi oil on the international market by Gazprom Neft Trading GmbH — both companies being subsidiaries of Gazprom Neft.

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