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I expected the Russian company Lukoil, Thursday, commencement of commercial production from the West Qurna 2 / beginning of next year 2014, as confirmed they are interested in participating in the Kirkuk oil field and looking to invest in the North Field.
The head of external operations in Lukoil Landry Kozyaev during the summit of the Reuters Investment in Russia this week, "The company plans to reach the levels of commercial oil production from the West Qurna field / 2 in Iraq in the first quarter of 2014," predicted that "the export easily . "
The Kozyaev added that "Lukoil will begin production of the first commercial quantities of West Qurna and will exceed 120 thousand barrels per day in the first quarter of 2014," he said, adding that "the peak field production will reach 1.2 million barrels a day."
The Kozyaev to "the lack of risk-related infrastructure at the present time after strong assurances from the Iraqi Southern Oil Company that they will receive all our production of oil," pointing out that "the company and to reduce the risks will build three warehouses for storage card 66 thousand cubic meters each in Tuba In addition to pipeline 102 miles to the brick with a capacity of 700 thousand barrels per day. "
The Kozyaev pointed out that "the company is interested in participating in the Kirkuk oil field in northern Iraq and is looking to invest in the North Field."
West Qurna-2's second largest untapped oil field in the world with recoverable reserves of about 14 billion barrels and has a great importance for the economy of Iraq.
Lukoil controls 75 percent of the West Qurna-2 and looking for a partner to replace Statoil, which decided to withdraw from the project last year.
The Oil Ministry announced on September 11 last year signed an agreement in principle for the development of the Kirkuk field, despite opposition from the Kurdistan region of this contract.
[You must be registered and logged in to see this link.]
I expected the Russian company Lukoil, Thursday, commencement of commercial production from the West Qurna 2 / beginning of next year 2014, as confirmed they are interested in participating in the Kirkuk oil field and looking to invest in the North Field.
The head of external operations in Lukoil Landry Kozyaev during the summit of the Reuters Investment in Russia this week, "The company plans to reach the levels of commercial oil production from the West Qurna field / 2 in Iraq in the first quarter of 2014," predicted that "the export easily . "
The Kozyaev added that "Lukoil will begin production of the first commercial quantities of West Qurna and will exceed 120 thousand barrels per day in the first quarter of 2014," he said, adding that "the peak field production will reach 1.2 million barrels a day."
The Kozyaev to "the lack of risk-related infrastructure at the present time after strong assurances from the Iraqi Southern Oil Company that they will receive all our production of oil," pointing out that "the company and to reduce the risks will build three warehouses for storage card 66 thousand cubic meters each in Tuba In addition to pipeline 102 miles to the brick with a capacity of 700 thousand barrels per day. "
The Kozyaev pointed out that "the company is interested in participating in the Kirkuk oil field in northern Iraq and is looking to invest in the North Field."
West Qurna-2's second largest untapped oil field in the world with recoverable reserves of about 14 billion barrels and has a great importance for the economy of Iraq.
Lukoil controls 75 percent of the West Qurna-2 and looking for a partner to replace Statoil, which decided to withdraw from the project last year.
The Oil Ministry announced on September 11 last year signed an agreement in principle for the development of the Kirkuk field, despite opposition from the Kurdistan region of this contract.
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