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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Basra Oil: Water shortages in Iraq's southern oil fields impede increasing production

rocky
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Basra Oil: Water shortages in Iraq's southern oil fields impede increasing production Empty Basra Oil: Water shortages in Iraq's southern oil fields impede increasing production

Post by rocky Sat 05 Feb 2022, 6:31 am

[size=45]Basra Oil: Water shortages in Iraq's southern oil fields impede increasing production
two hours ago[/size]

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The Basra Oil Company announced that water problems in the giant oil fields in southern Iraq operated 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 measure 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 not sufficient.” “.
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.
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