Gazprom Neft Starts Commercial Production at Badra Field, Iraq

Gazprom Neft reported late Monday that commercial production and oil exports have begun at its Badra oilfield in Iraq.

The first oil from the field is now being delivered to Iraq's main pipeline system for transfer to the export terminal in Basra on the Persian Gulf. The firm said current deliveries from Badra to the pipeline stand at more than 15,000 barrels of oil per day and that this level should be maintained until the end of 2014.

Gazprom Neft also said that the consortium of companies involved in Badra should begin receiving a share of the oil produced at the field within 90 days, according to the service contract the consortium has with the Iraqi government.

Two wells are currently in production at the field and a further three wells are being drilled under a contract with Chinese company ZPEC. According to the service contract, production at the field will eventually achieve 170,000 bopd.

Gazprom Neft Chairman Alexander Dyukov commented in a company statement:

"Over the period of just a few years, a consortium of companies led by Gazprom Neft has fully prepared Badra, one of the most complex geological field structures in Iraq, for full-scale commercial development. This is the first major international project in upstream the company has implemented from scratch. The unique experience gained during this project will contribute to our development of future projects both in Russia and internationally."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Deepwater Roustabout
Expertise: Roustabout
Location: Houma, LA
 
Experienced Floorhand
Expertise: Floorhand / Roughneck
Location: Dickinson, ND
 
Shell and A&M Oil & Gas Training Study
Expertise: Gas Plant Operations|Process Technician|Refinery / Plant Operations Supervisor
Location: Robert, 
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours