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Lukoil begins phase 2 development of West Qurna-2 field in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Lukoil begins phase 2 development of West Qurna-2 field in Iraq

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Lukoil begins phase 2 development of West Qurna-2 field in Iraq Empty Lukoil begins phase 2 development of West Qurna-2 field in Iraq

Post by GirlBye Fri Feb 08, 2019 11:13 am

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.

Lukoil begins phase 2 development of West Qurna-2 field in Iraq 326319
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.

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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.

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