61173
Gazprom Neft Launches Oil Wells in Iraq
Gazprom Neft Launches Oil Wells in Iraq

Gazprom Neft Launches Oil Wells in Iraq

Gazprom Neft Launches Oil Wells in Iraq

Russian oil firm Gazprom Neft said on Thursday it had launched three new wells at the Badra oilfield in Iraq. The overall oil production rate of the three wells is 23,000 barrels per day, and daily output at the field has reached 77,000 barrels, Gazprom Neft said. Gazprom Neft estimates Badra holds around 3 billion barrels of oil in place. The company, the oil arm of Russian gas giant Gazprom, brought Badra online in late 2013. The contract for the Badra field calls for the eventual production of 170,000 barrels per day. Gazprom Neft is also extending its presence in Iran's petroleum industry. The company, which has signed a preliminary agreement to study two oilfields in western Iran, is expected to submit its master development plan for the fields by late July, according to a statement by the company's First Deputy CEO Vadim Yakovlev.

 

Short URL : https://goo.gl/rXJbyh
  1. https://goo.gl/19zsOl
  • https://goo.gl/Q1Hf09
  • https://goo.gl/BNF71r
  • https://goo.gl/33VdAT
  • https://goo.gl/8g7fJ5

You can also read ...

Saudi Arabia supplied 4.29 million tons, or 1.01 million bpd, to China in January.
Russia remained the top crude oil supplier to China in January...
Substantial Change in Global Energy Trade, as Role of Electricity Rises
The new World Energy Outlook is the story of a series of...
Saudis See Oil Output Cuts Easing in 2019
OPEC and its allies, including Russia, may next year ease the...
Plans to Increase Sarkhoun Output
Close to 98.5 billion cubic meters of natural gas have been...
Plans are in place to cooperate with neighboring states, namely Turkey and Turkmenistan, that have more water resources so that Iran can increase its share from joint water basins.
Serious negotiations are underway with water-rich neighboring...
30% Domestic Share in  Unit International Deal
Domestic equipment manufacturers will have a 30% share in the...
Call for Greater Support for Renewables
Heightened concerns over the shortage of natural resources and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus