Home » Business » Oil & Gas » Iraq: West Qurna Oil Field Now Producing 285,000 Barrels Per Day

Iraq: West Qurna Oil Field Now Producing 285,000 Barrels Per Day

ExxonMobil Iraq Limited, South Oil Company of Iraq, Shell West Qurna B.V. and Oil Exploration Company of Iraq, have announced that the West Qurna Oil Field in Iraq is now producing 285,000 barrels of oil per day.

Under a service contract, a target for a 10% increase in production was set at the field. To achieve this, the partners drilled new wells, improved existing wells, debottlenecked and optimized facilities. More than 1,600 Iraqis are engaged at the West Qurna I field operations.

ExxonMobil subsidiary Exxon Mobil Iraq Limited  has a 60% interest in the field and is the lead contractor working with the South Oil Company of Iraq. The Oil Exploration Company of Iraq has a 25% interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate, has a 15% interest.

About Business Desk

Business Desk
Editors and staff from the Business Desk at The Global Herald.

Check Also

BHP Billiton Bet on US gas prices increasing – plans to buy Chesapeake Shale Assets

In what may become a stroke of corporate brilliance, or a gamble, BHP Billiton today …

Leave a Reply

Your email address will not be published. Required fields are marked *