Home
[You must be registered and logged in to see this image.]
Water shortages in Iraq's southern oil fields impede increased production
Shafaq News/ The Basra Oil Company announced that water problems in the giant oil fields in southern Iraq managed by international oil companies may hinder the country's ability to pump more crude oil from the main region in the second largest producer in OPEC.
The southern fields operated by the Basra Oil Company (BOC) and international oil companies produce about 2.95 million barrels per day, down from 3.3 to 3.5 million barrels per day before the historical production restrictions imposed by OPEC + in 2020 with the onset of the global pandemic.
S&P Global Platts reported, citing Basra Oil Company deputy director Ahmed Adham; "All fields are capable of producing more than the current levels, but the biggest problem is the action taken to reduce production due to OPEC restrictions, and there is also a problem with regard to increasing production due to water injection problems, as the water injection capacity is currently 4 million barrels of water per day, which is insufficient." ".
Adham added that the Basra Oil Company is taking a number of temporary measures to boost water pumping into the oil fields in southern Iraq.
The fields include the giant Rumaila development operated by BP, Zubair operated by Eni, West Qurna 2 operated by Lukoil and West Qurna 1, where ExxonMobil is currently working on an exit.
Adham pointed out that "there are temporary measures we are taking to use groundwater for injection." "There are some small projects we have but they are not enough for the injections that are normally required."
Adham pointed out that "the southern fields suffer from two problems related to water: the amount of water that is produced besides oil, and the lack of water needed for injection to support the reservoir pressure in the relatively old fields."
BOC is counting on a $27 billion deal with TotalEnergies, including a seawater treatment project to process 5 million barrels of water per day, to help alleviate water problems in its southern fields.
The Ministry of Oil said on January 28, that the deal, which includes four projects, is expected to enter into force in the first quarter of 2022, after obtaining the necessary approvals and any required review by the regulatory authorities, as the outgoing government seeks to country to it. Finalize agreements before their expiration date.
[You must be registered and logged in to see this link.]
The southern fields operated by the Basra Oil Company (BOC) and international oil companies produce about 2.95 million barrels per day, down from 3.3 to 3.5 million barrels per day before the historical production restrictions imposed by OPEC + in 2020 with the onset of the global pandemic.
S&P Global Platts reported, citing Basra Oil Company deputy director Ahmed Adham; "All fields are capable of producing more than the current levels, but the biggest problem is the action taken to reduce production due to OPEC restrictions, and there is also a problem with regard to increasing production due to water injection problems, as the water injection capacity is currently 4 million barrels of water per day, which is insufficient." ".
Adham added that the Basra Oil Company is taking a number of temporary measures to boost water pumping into the oil fields in southern Iraq.
The fields include the giant Rumaila development operated by BP, Zubair operated by Eni, West Qurna 2 operated by Lukoil and West Qurna 1, where ExxonMobil is currently working on an exit.
Adham pointed out that "there are temporary measures we are taking to use groundwater for injection." "There are some small projects we have but they are not enough for the injections that are normally required."
Adham pointed out that "the southern fields suffer from two problems related to water: the amount of water that is produced besides oil, and the lack of water needed for injection to support the reservoir pressure in the relatively old fields."
BOC is counting on a $27 billion deal with TotalEnergies, including a seawater treatment project to process 5 million barrels of water per day, to help alleviate water problems in its southern fields.
The Ministry of Oil said on January 28, that the deal, which includes four projects, is expected to enter into force in the first quarter of 2022, after obtaining the necessary approvals and any required review by the regulatory authorities, as the outgoing government seeks to country to it. Finalize agreements before their expiration date.
[You must be registered and logged in to see this link.]
» MM&C 11/14/24 Central Bank Governor Urges Türkiye to Open Accounts for Iraqi Banks
» utube 11/13/24 MM&C MM&C News-Private Sector- Electronic Payments-Reconstruction-Development-Digit
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
» Al-Mandlawi to the UN envoy: The supreme authority diagnosed the problems and provided solutions for
» Saleh: Government strategy to boost gold reserves as part of asset diversification
» Prime Minister's advisor rules out oil price collapse: Trump's policy will not sacrifice petrodollar
» Tripartite alliance between Iraq, Egypt and Jordan to boost maritime trade
» Parliamentary Committee reveals date of entry into force of Personal Status Law
» Al-Fatah warns against US blackmail and Trump's intentions for the next stage
» A leader in the law: If the Americans do not leave on their own two feet, we will expel them in fune
» MP: Next Sunday's session will witness the passing of "important laws"
» There is a financial aspect.. Al-Zaidi rules out voting on the real estate law
» "Promising" economic opportunities in central Iraq open doors to investment, trade and unemployment
» Minister of Transport: Arab interest in the development road project
» Bitcoin Fails to Maintain Its Meteoric Rise
» Amending the retirement age on the parliament's table.. This is the latest that has been reached
» Launching the Health Unit Initiative in Iraqi Schools
» Will Iraq be the savior of the countries of the region if oil prices fall?
» Regarding electrical energy.. Government moves to meet the needs of next summer
» {Retirement age} sparks debate in parliament
» Minister of Transport to {Sabah}: Arab interest in the development road project
» Planning: Two important pre-census activities start today and tomorrow
» Next week.. contracting with 2500 applicants on a {contract} basis
» Service Effort: Opening 30 projects in agricultural areas next month
» The House of Representatives issues a clarification regarding its tenders and official invitations
» Issuance of (3000) new decisions for politically dismissed employees and non-employees
» Al-Sudani discusses cooperation in the field of energy and development of the oil and gas sector wit
» Trade: Transferring 400 billion dinars to pay farmers’ dues for the remaining wheat for the northern
» Iranian Minister of Trade and Industry Injured During Trip to Kurdistan
» Chairman of the Integrity Commission: Corruption negatively affects reconstruction and development a
» Strengthening judicial cooperation on the table of Judge Zidane and his Turkish counterpart
» Al-Sudani directs the Ministry of Oil to communicate with Shell to implement projects that serve Ira
» One of them is "protocol".. A politician determines the extent of the difference between Al-Sudani's
» Iraq confirms its keenness to support OPEC unity to ensure oil price stability
» It may drop to 40%.. Al-Kanani warns of a sharp drop in oil and directs an urgent call to the govern
» Distribution next week.. The region will receive nearly 533 billion dinars to finance its employees’
» Iraq expresses interest in cooperating with major international oil companies
» Criticism follows the performance of the Minister of Foreign Affairs in international positions.. Wi
» Al-Mashhadani's election "embarrassed him"... Will Al-Sudani implement the ministerial reshuffle?
» Will the "dollar crisis" topple the central bank governor?
» The Oil and Gas Law Returns to the Forefront... Will Al-Sudani Be Able to Resolve the Disputes Over
» Oil Licenses in Basra: An Environmental Disaster That Raises Cancer Rates and Suffocates the Populat
» Iraq begins intensive campaign to deport illegal foreign workers and regulate the labor market
» Government advisor explains Baghdad Metro project specifications and confirms its continuation witho
» Al-Mashhadani to the 188 Alliance delegation: The best solution is to give people the freedom to cho
» Parliamentarian: Ambassadors and representatives of foreign missions came to Parliament to prevent t
» Al-Sudani's advisor reveals the reasons for the lack of gold in the government's reserves
» New fortifications close the most dangerous border gaps between Iraq and Syria
» "Baghdad breathes a sigh of relief" .. Closing of 144 illegal factories that emit toxins into the ai
» Iraqi oil prices continue to decline amid global price decline
» “The War of Leaks” Confuses the Political Scene... Blackmail or Expose of Corruption?
» Government sends budget amendment to resolve differences with region
» More than 800 “dual-job” employees work at Najaf Airport
» Slight rise in dollar prices against the dinar in Iraqi stock exchanges
» Where did the parliamentary discussions on the "retirement age" reach?
» The region "mobilizes" for the first census in 37 years: It will increase the budget share and the n
» "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current p
» Population, oil and salaries...hot files in the meeting between Al-Sudani and Barzani
» Political attempts to obstruct it.. Personal Status Law on its way to legislation
» MP: Al-Sudani has reached the conviction of the necessity of removing some ministers
» Central Bank announces progress in dollar control procedures
» Baghdad.. Closing 144 informal metal smelting factories to reduce pollution
» Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
» Severe imprisonment for former Minister of Transport for deliberately violating his job duties
» 4 new pharmaceutical factories
» Iraq's move to attract $250 billion in investments welcomed
» Financial inclusion and banking restructuring
» Iraq records 4% economic growth, moves towards sustainable diversification
» Al-Sudani and Barzani discuss finding solutions to common issues "according to the constitution"
» Requesting Iraqi mediation.. US delegation arrives in Baghdad to follow up on the "hotline" with Teh
» Iraqi oil continues to decline for the third day in a row
» Population census in Iraq: social and political importance and a major challenge for the government
» Next Thursday.. the start of the first phase of the census
» 11 international companies compete to operate Faw Port
» Baghdad conveys Trump's message to Tehran: Stop proxy wars... and confirms removing the opposition f
» Iraq contracts to purchase defense systems and helicopters
» Has Al-Sudani's government succeeded in keeping the fire away from Iraq?
» Justice announces the Ministry of Finance’s approval to appoint contract employees in all judicial d
» Expert: Traders’ dealings with sanctioned markets trigger demand for dollars on the black market
» Anbar.. Al-Waleed District summarizes the completed and under-construction projects for the current
» A government delegation reviews the work stages and completion rates at Nasiriyah International Airp
» Al-Mashhadani to the Sovereignty Bloc delegation: The necessity of turning the page on differences b
» Al-Hasnawi: Iraq will benefit from green climate funds to improve the environment
» New decisions approved by the Council of Ministers during today's session
» The Chairman of the Trade Bank of Iraq reveals to Alsumaria the interest rate on loans
» The 10 cheapest countries to pay electricity and gas bills.. Where is Iraq?
» Al-Sudani and Nechirvan Barzani at one table in Erbil
» Here are the dollar prices in the Iraqi stock exchanges
» Parliamentary Committee Reveals to Alsumaria Latest Developments in Israeli Violation of Iraqi Airsp
» The largest of its kind in Iraq.. Launching a pioneering medical conference for professional develop
» A source explains the circumstances of transferring 75% of the Ministry of Interior’s civilian emplo
» Weapons are becoming more "loose" and the Interior Ministry is "politicizing"
» Government messages to citizens regarding the population census in Iraq
» What is Iraq's ranking in the Artificial Intelligence Index?
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
» Al-Tamimi explains the importance of the real estate return law