Lukoil begins phase 2 development of West Qurna-2 field in Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Lukoil begins phase 2 development of West Qurna-2 field in Iraq
Russian oil and gas firm Lukoil started drilling of new production wells at West Qurna-2 field as part of the onshore Iraqi field’s second phase development.

Last year, Lukoil and Basra Oil signed a new development plan of West Qurna-2 field with an aim to increase its production to 480 thousand barrels per day by 2020 and to achieve production plateau of 800 thousand barrels per day in 2025.
The current production from the oilfield located in southern Iraq is 400 thousand barrels per day.
Under the phase 2 development plan, new production and injection wells will be drilled. Additionally, the project will see construction and launching of oil treatment, storage and transportation facilities along with gas treatment and power generation facilities.
Lukoil revealed that it has closed contracts to drill 57 production wells till date, out of which 54 wells are to be drilled at Mishrif formation while the remaining three wells are to be drilled at Yamama formation.
The Russian energy giant, in a statement said: “To deliver the project Lukoil uses an approach to cluster drilling which envisages erection of two drilling rigs at one well pad. This approach is new for Iraq and will provide for significant field development speed up and production growth within the shortest time.”
The company plans to employ more than 500 Iraqis, living in proximity to West Qurna-2 field, for the drilling campaign.
The onshore Iraqi field, which is located 65km north-west of Basra, is believed to be one of the largest oil fields in the world with nearly 14 billion barrels of initial recoverable reserves. According to Lukoil, more than 90% of the reserves in the onshore oil field are concentrated in Mishrif and Yamama accumulations.
Upstream operations in drilling and producstion are on the brink of disruptive change, with bigger, better data, improved decision making and innovative developments increasing exponentially.
Download the complementary report here
Simply put, this is a must-read report for data driven professionals across the upstream industry.
Lukoil and Statoil were awarded a contract for the development of Iraqi onshore field. A year later, the Russian firm signed a services contract for the development and production of the onshore oilfield for a period of 25 years, which was ratified by the Iraqi Cabinet of Ministers.
First oil from the West Qurna-2 field was produced in March 2014.
https://www.compelo.com/energy/news/lukoil-west-qurna-2-field-driling/

Image: Lukoil begins drilling New production wells at West Qurna-2 field. Photo: courtesy of LUKOIL.
Last year, Lukoil and Basra Oil signed a new development plan of West Qurna-2 field with an aim to increase its production to 480 thousand barrels per day by 2020 and to achieve production plateau of 800 thousand barrels per day in 2025.
The current production from the oilfield located in southern Iraq is 400 thousand barrels per day.
Under the phase 2 development plan, new production and injection wells will be drilled. Additionally, the project will see construction and launching of oil treatment, storage and transportation facilities along with gas treatment and power generation facilities.
Lukoil revealed that it has closed contracts to drill 57 production wells till date, out of which 54 wells are to be drilled at Mishrif formation while the remaining three wells are to be drilled at Yamama formation.
The Russian energy giant, in a statement said: “To deliver the project Lukoil uses an approach to cluster drilling which envisages erection of two drilling rigs at one well pad. This approach is new for Iraq and will provide for significant field development speed up and production growth within the shortest time.”
The company plans to employ more than 500 Iraqis, living in proximity to West Qurna-2 field, for the drilling campaign.
The onshore Iraqi field, which is located 65km north-west of Basra, is believed to be one of the largest oil fields in the world with nearly 14 billion barrels of initial recoverable reserves. According to Lukoil, more than 90% of the reserves in the onshore oil field are concentrated in Mishrif and Yamama accumulations.
Upstream operations in drilling and producstion are on the brink of disruptive change, with bigger, better data, improved decision making and innovative developments increasing exponentially.
Download the complementary report here
Simply put, this is a must-read report for data driven professionals across the upstream industry.
Lukoil and Statoil were awarded a contract for the development of Iraqi onshore field. A year later, the Russian firm signed a services contract for the development and production of the onshore oilfield for a period of 25 years, which was ratified by the Iraqi Cabinet of Ministers.
First oil from the West Qurna-2 field was produced in March 2014.
https://www.compelo.com/energy/news/lukoil-west-qurna-2-field-driling/
GirlBye- VIP NewsHound
- Posts : 1481
Join date : 2018-07-09
Location : So Cal

» Oil Minister: Russian Lukoil wants to sell its stake to a Chinese company in West Qurna 2 field
» IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS
» Shell sells its stake in West Qurna oil field
» cnbc withdraws employees from West Qurna field - 1
» Basra oil to raise production of West Qurna field
» IRAQ STRESSES THE NEED TO REACH AN AGREEMENT THAT WILL ACHIEVE BALANCE AND STABILITY IN GLOBAL MARKETS
» Shell sells its stake in West Qurna oil field
» cnbc withdraws employees from West Qurna field - 1
» Basra oil to raise production of West Qurna field
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Introduce myself
» New Hands
» a quickie
» My name is Tiger.
» Phony Tony and the Lying Game
» Planetary liberation alliance scores major victories as Biden Horror show taken over
» What if the real truth about the Fox News/Dominion/Carson, etc. situation is something totally different?
» The Central Bank supports the international "Buna" platform with $50 million
» Whats on the Menu at the Renfrow Diner?
» DINAR IRAQ AND DONG VIETNAM UPDATE 4/19/23
» Word by Tucker Carlson
» Now Tucker can say what he really believes in about our controllers.
» Tony serves up another Nothing Burger
» Central Bank: Available cash is not available and we have a plan to attract money
» Guru MarkZ 4/20/23 am
» Guru MountainGoat 4/20/23
» Guru Sandy Ingram 4/20/23
» Guru Judy 4/20/23
» Guru Bruce Dingleberry 4/19/23
» Predictable Tony yet again
» Guru MarkZ 4/10/23 am
» Guru Nader 4/11/23
» Guru MilitiaMan 4/11/23
» Guru Judy 4/11/23
» Guru Frank26 4/10/23
» Guru Wolverine 4/7/23
» Guru Sandy Ingram 4/7/23
» Guru Nader 4/7/23
» Gurus Frank26 & Firefly 4/7/23
» Guru Bruce Dingleberry 4/7/23
» Guru MarkZ 4/7/23 am
» Happy April FOOL'S Day from Fake Okie 4/1/23
» DINAR IRAQ AND DONG VIETNAM UPDATE 4/3/23
» Guru MarkZ 4/3/23 am
» Guru Nader 4/3/23
» Guru Breitling 4/3/23
» Bank Story #425
» Guru Judy 4/3/23
» Guru Sandy Ingram 4/2/23