JSC Gazprom Neft has reported that oil production from Badra field in Iraq is being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (OGJ Online, July 25, 2014).
Current deliveries average more than 15,000 b/d, a level that should be maintained through this year, the company said.
The Iraqi State Oil Marketing Organization, responsible for oil sales, will be delivering a share of oil to the investor companies each quarter to reimburse their initial project costs.
Oil production began from Badra in December 2013, and final commissioning and testing started in May. Two wells are producing and three others are being drilled, the company said.
Badra is in Wasit Province in eastern Iraq. Gazprom Neft, the operator, has 30%. Other interest holders are Iraqi Oil Exploration Co. 25%, Korea Gas Corp. 22.5%, Petronas 15%, and TPAO 7.5%.
