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 ...

Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus