West Qurna Field
West Qurna | |
---|---|
Statoil | |
Field history | |
Discovery | 1973 |
Production | |
Recoverable oil | 43,000 million barrels (~5.9×10 9 t) |
West Qurna (
Phases
West Qurna Phase I
In November 2009, an ExxonMobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4×10 9 m3) West Qurna Phase I.[1] As per Iraqi Oil Ministry estimates, the project will require a $25 billion investment and another $25 billion in operating fees creating approximately 100,000 jobs in the underdeveloped southern region. ExxonMobil is set to increase the current production of 0.27 to 2.25 million barrels per day (43×10 3 to 358×10 3 m3/d) within seven years. The Iraqi government, in turn, will pay $1.90 per barrel produced by ExxonMobil-Shell alliance.[3] In November 2023, PetroChina took over as main operator of West Qurna 1, replacing ExxonMobil.[4]
West Qurna Phase II
In December 2009,
In 2023 Lukoil announced it is planning to double the production of oil from the West Qurna Field 2, to 800,000 bpd.[9]
Water-injection project
A new joint multibillion-dollar water-injection project will be awarded to operator ExxonMobil. The project includes construction of a plant which will help 6 major oil-field development projects by producing 10–12 million barrels (1,600,000–1,900,000 m3) of water per day. The alliance will include Shell, Eni, Lukoil, CNPC and Petronas.[10]
See also
References
- ^ a b Christopher Helman (2010-01-21). "The World's Biggest Oil Reserves". Forbes. Retrieved 2010-04-19.
- ^
Gina Chon (2009-11-05). "Iraq Awards West Qurna-1 Oil Field to Exxon, Shell". Wall Street Journal. Retrieved 2010-04-19.
- ^ Martin Chulov (2009-11-05). "ExxonMobil wins $50bn contract to develop West Qurna oilfield". The Guardian. Retrieved 2010-04-19.
- ^ "ExxonMobil hands over operations at West Qurna 1 oilfield to PetroChina". Reuters. January 1, 2024.
- ^ Simon Webb (2010-04-27). "Iraq's West Qurna to hit 120,000 bpd in 2012". Reuters. Retrieved 2010-05-21.
- ^ "Russian Oil Giant Wins Big in Iraq Auction". Fox News. 2009-12-12. Retrieved 2010-04-19.
- ^ "Iraq sets West Qurna date". Upstream Online. NHST Media Group. 2010-01-20. Retrieved 2010-04-19.
- ^ "Iraq approves Statoil sale of oil field stake to Lukoil". Reuters. Archived from the original on 2016-03-04. Retrieved 2012-03-07.
- ^ "Russia's Lukoil To Double Oil Output At Iraqi Field West Qurna 2 To 800,000 Bpd". 2 November 2023.
- ^ Hassan Hafidh (2010-04-19). "Exxon Spearheads Iraqi Water-Injection Project". Rigzone. Retrieved 2010-04-19.