Supriya Ghosh (Editor)

West Qurna Field

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Covid-19
Country  Iraq
Owner  Iraq National Oil Company
Offshore/onshore  onshore
Discovery  1973
West Qurna Field Iraq Statoil increases stake in Iraq39s West Qurna 2 oil field
Service contractors  Exxon Mobil, Royal Dutch Shell, Lukoil, Statoil
Recoverable oil  43,000 million barrels (~5.9×10^ t)

West Qurna (Arabic: غرب قرنة‎‎) is one of Iraq's largest oil fields, located north of Rumaila field, west of Basra. West Qurna is believed to hold 43 billion barrels (6.8×10^9 m3) of recoverable reserves. The field was closed to Western firms due to years-long sanctions.

Contents

West Qurna Phase I

West Qurna Field Iraq LUKOIL to decide on Iraq39s West Qurna1 oil field

In November 2009, an Exxon Mobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4×10^9 m3) West Qurna Phase I. As per Iraqi Oil Ministry estimates, the project will require a $25 billion investment and another $25 billion in operating fees creating approximately 100,000 jobs in the underdeveloped southern region. ExxonMobil is set to increase the current production of 0.27 to 2.25 million barrels per day (43×10^3 to 358×10^3 m3/d) within seven years. The Iraqi government, in turn, will pay $1.90 per barrel produced by ExxonMobil-Shell alliance.

West Qurna Phase II

West Qurna Field wwwarabianoilandgascompicturesgalleryCentral

In December 2009, Russia's Lukoil and Norway's Statoil were awarded the rights to develop the 12.88-billion-barrels (2.048×10^9 m3) West Qurna Phase II oil field. The Lukoil-Statoil alliance will receive $1.15 per barrel that they produce. In addition, they will work to raise output from West Qurna 2 to 120,000 barrels per day (19,000 m3/d) by 2012 and 1.8 million barrels per day (290,000 m3/d) over a period of 13 years. In March 2012, Statoil sold its 18.75% stake in the field to Lukoil, giving the Russian firm a 75% stake, and leaving the Iraqi state oil company with 25%.

Water-injection project

West Qurna Field 0224555001338456560jpg

A new joint multibillion-dollar water-injection project will be awarded to operator ExxonMobil. The project includes construction of a plant which will help 6 major oil-field development projects by producing 10–12 million barrels (1,600,000–1,900,000 m3) of water per day. The alliance will include Shell, Eni SpA, Lukoil, CNPC and Petronas.

West Qurna Field Iraq39s West Qurna Phase One to see eight new wells

References

West Qurna Field Wikipedia


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