Petronas: Garraf oil field achieves first oil production
Currently started at 35k BPD and will increase to 230k BPD by 2017.
KUALA LUMPUR: Petronas upstream operations arm in Iraq, Petronas Carigali Iraq Holding B.V., had on Aug 31 achieved its First Oil from the Garraf oil field located in Iraq’s Thi Qar Province.
In a statement on Friday, Petronas said it had partnered with Japan Petroleum Exploration Co Ltd and Iraq’s North Oil Company.
“Production from the Garraf oil field has started at the rate of 35,000 barrels of oil per day (bpd),and is expected to reach 230,000 bpd in 2017.
“As one of the largest investors in Iraq, Petronas will continue with our planned development efforts and activities. The Garraf project provides us the opportunity to develop our capabilities and expertise in the Middle Eastern region,” it said.
Petronas noted the Garraf oil field was included as one of the fields on offer in Iraq's Second Petroleum Licensing Round.
“The Petronas-led consortium secured the winning bid and was awarded the Development & Production Service Contract for the Garraf Contract Area in December 2009,” it said.
Upon winning the bid, Petronas, together with its partners started the development of the field, completed the construction of the base camp in March 2011, and began drilling the wells in June 2011.*
Petronas: Garraf oil field achieves first oil production - Business News | The Star Online
Oil announces the start of production of the Majnoon field capacity of 175 thousand barrels per day next month
08/09/2013 - 13:26
Alsumaria News / Baghdad
The Oil Ministry announced on Sunday, the start of the first oil production from the Majnoon field in the province of Maysan capacity of 175 thousand barrels per day next month, saying that the field represents an important step in the national production would raise Iraqi production to high levels.
A spokesman for the Oil Ministry, Assem Jihad, said in an interview for "Alsumaria News", "The ministry will hold a celebration in the month of October to mark the start initial production of the Majnoon oil field after the completion of the final works to test devices and equipment for production," noting that "production The first of the field will be 175 thousand barrels per day to rise in the coming years by 1.8 million barrels per day peak time. "
Jihad said that "the Majnoon field is one of the giant fields, which is a consortium of Shell and Petronas developed within the second licensing round price of $ 39 cents a barrel Product wages profitability," noting that "the field is a task in the national production, which would raise Iraqi production to levels high. "
The Majnoon field of large oil fields, and has 11 multiple oil reservoirs capable of production, in which three types of oil, is a heavy, medium and light.
The Oil Ministry announced last July, for an increase in production will be witnessed by the coming period with the start of production the first of four new fields are (Garraf, majnoon, West Qurna / 2, and the field Badra) as announced at the end of last August, the start of initial production of Garraf field capacity of 35 thousand barrels per day.
It is noteworthy that Iraq will depend mainly on oil exports, where he has a stockpile of oil and gas estimated at about 11% of total global stocks, while the need of infrastructure in the country in general for the rehabilitation of a comprehensive after decades of wars and economic sanctions are considered investments are necessary in all sectors.
