Drilling of Another Well Has Been Completed in the Nasiriya Field in Iraq
Drillers from the Iraqi Drilling Company (IDC) completed drilling of oil production well 61, reaching a depth of 2096 meters in the Nasiriyah oil field in the Dhi Qar province. The Iraqi Ministry of Oil reported this on September 4, 2023. This is the 15th production well constructed by IDC …
Oil Production in Kurdistan is Recovering
Norwegian DNO resumes production at the Tawke field in Iraqi Kurdistan after pipeline supplies from the region to the Turkish port of Ceyhan resumed for further exports The Norwegian DNO, which is developing oil deposits in Iraqi Kurdistan, has announced the resumption of production at the Tawke field. Production was …
Petronas Sells Its Stake in Iraq’s Garraf Oil Field
Malaysian Petronas has notified the Iraqi side that it wants to sell its stake in the operator’s participation in the Garraf oil field (Garraf) with a capacity of 155 thousand barrels per day. This was reported on July 4 by the information portal Iraq Oil Report. According to the publication: …
Saudi Aramco Will Take Part in the Development of a Gas Field in Iraq
Saudi Aramco will participate in the development of the Akkaz gas field in western Iraq’s Anbar province to produce 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel Ghani announced on Thursday while attending an Iraqi-Saudi coordination council. The ministry’s press service quoted him as saying. …
Russia and Iraq Confirmed the Commitment to Reducing Oil Production
Energy Deputy Prime Minister, oil minister Iraq Hayan Abdel Gani and his Russian colleague, Deputy Prime Minister of the Russian Federation Alexander Novak announced the importance of collective actions and unified positions of the OPEC-OPEC+ oil and stability for the stability of world oil markets, confirming the retention of oil …
Iraq Invited International Companies to Develop Oil and Gas Fields
Iraqi Oil Minister Hayan Abdel Ghani has invited international companies to bid for investment projects to develop 13 fields and exploration sites in the country’s northern, central and southern provinces, the oil ministry’s press office said in a statement to RIA Novosti. “The Ministry seeks to increase oil and gas …
One Billion Barrels of Oil Produced by LUKOIL at West Qurna-2, Iraq
LUKOIL has produced one billion barrels of oil at West Qurna-2, Iraq, since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Special events on the occasion of the company’s milestone year were attended …
Gazprom Neft expands oil production in the Kurdistan Region of Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. The well …
LUKOIL continues successful appraisal drilling at Eridu field in Iraq
LUKOIL and INPEX CORPORATION have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved …
OPEC Daily Basket Price Stood at $65.04 a barrel Wednesday, 6 March 2019
The price of OPEC basket of fourteen crudes stood at $65.04 a barrel on Wednesday, compared with $64.98 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), …