On Friday, the Ministry of Oil revealed giant projects in the Qurna 2 field and the tenth exploration block, while indicating that there is a new project for Lukoil, which is considered the most important in energy supplies.
The Russian operating company, Lukoil, announced the success of producing one billion barrels of oil during its work in the Qurna 2 field.
And Oil Minister Ihsan Abdul-Jabbar said in a statement to the official agency, “Al-Nour News” received a copy of it, that “the Qurna 2 field is one of the largest oil fields in Iraq, and it is operated by Lukoil, one of the largest energy companies in the world, and is among the largest promising fields. Especially since it produces the best types of oils and most conforming to standard specifications,” noting that “the field’s peak production is expected to reach 800,000 barrels in 2027.”
He pointed out that "the field's work began seven years ago with a stable production rate and very high oil specifications," noting that "the ministry and the National Oil Company are seeking to maximize the production capabilities of crude oil and natural gas and achieve international standards and environmental determinants, as well as control the amount of gas and its refining." “.
He added that "Iraq's commitment to the local community and the provision of gas and oil supplies to the national industry, in addition to providing revenues from the export of crude oil, is a solid and important commitment," noting that "the next steps of the ministry include the establishment of giant projects in the Qurna 2 field, in order to reach production The second billion, in addition to the increase in crude oil production.
The Minister of Oil confirmed that “the production of the Yamama field amounted to 30 thousand barrels, and there are projects to catch gas under promotion and projects to improve the environment in the fields and surrounding areas,” noting that “the ministry, in cooperation with the Basra Oil Company, presented projects with social benefits that contributed to supporting institutions in the province.” Basra has achieved social stability and provided many jobs, as well as achieving some kind of development in the surrounding areas.”
He added that "another project will be worked on by Lukoil, which is the tenth exploration block, and there will be early commercial production from this patch," noting that "it will be one of the most important elements of stability in oil and gas supplies."
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