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Gazprom Neft boosts oil production on Iraqi Badra field to 67,000 bpd

July 22, 2016, 15:07 UTC+3 MOSCOW
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MOSCOW, July 22. /TASS/. Gazprom Neft put into service the tenth well on Badra Field in Iraq and increased the daily oil production rate on the field to 67,000 barrels, the Russian oil major said on Friday.

Three wells with the total production rate of 24,000 barrels per day were commissioned on Badra Field in 2016. Drilling of four other wells continues and their construction is expected to end early in 2017.

The company continues developing oil and gas infrastructure on the field, Gazprom Neft said. Construction and installation work on the first associated gas treatment train of the gas plant are already 60% completed, the company says.

Total accumulated production on Badra Field reached 2.9 mln tonnes of oil from development start and 1.2 mln tonnes of oil from the year beginning as of the second week of July.

The Badra field is located in the Wasit province in East Iraq. Badra’s geological reserves are estimated at 3 bln barrels of oil. The oilfield development project is designed for 20 years with an optional 5-year extension. Commercial production on the oilfield started in 2014.

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