Russia's Gazprom Neft Says Starts Oil Output in Iraq


MOSCOW, June 2 (Reuters) – Russia's Gazprom Neft, the oil arm of natural gas producer Gazprom, said on Monday it has started oil production at the Badra field in Iraq.

The company hopes production at the field, in the eastern Wasit province, will reach 15,000 barrels per day later this year when the necessary infrastructure is expected to be in place.

Production is expected to reach a peak of 170,000 barrels per day (around 8.5 million tonnes per year) in 2017 and then remain stable for seven years, the company said.

(Reporting by Katya Golubkova and Vladimir Soldatkin, Editibng by Timothy Heritage)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
C Production Operator
Expertise: Production Operator
Location: Gray, LA
United States Elmendorf: Entry Level Operator Assistant I - Logging and Per
Expertise: Perforation|Production Operator
Location: Elmendorf, TX
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours