Shell: Increased gas production in Iraq depends on three oil fields

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[size=52]Shell: Increased gas production in Iraq depends on three oil fields[/size]

[size=45]The Chairman of the Board of Directors of the Shell Group of Companies in Iraq and the UAE, Ali Al-Janabi, said that Shell's joint venture plans to obtain Iraqi gas to intensify its operations depend on three southern oil fields that reach their peak production level to allow the joint venture to process more associated gas.[/size]
[size=45]He added in a press statement, that "under the contract with the Iraqi government, the Basra Gas Company is supposed to increase the current gas processing capacity from about 1 billion cubic feet per day to 2 billion cubic feet per day by processing gas from West Qurna 1 and Rumaila." Al-Zubayr is in southern Iraq.[/size]
[size=45]Al-Janabi explained that "BGC (Basra Gas Company) is currently working to start operating two crews, each with a capacity of 200 million cubic feet per day by the second half of next year, two new crews out of five that are supposed to be built to reach 2 billion cubic feet. / day".[/size]
[size=45]He continued, "We are conducting a number of studies at the moment to look at Crew 3, but a few of them are related to the type of infrastructure required, and a few are actually related to the primary production and primary production that is available today to support from those three fields."[/size]
[size=45]BGC is a 25-year joint venture that includes the state-owned South Gas Company with a 51% stake, Shell with 44% and Mitsubishi Corp. with 5%.[/size]
[size=45]Al-Janabi wondered, is it possible for the estimated oil fields to reach the agreed-upon peak level? And in what time frame? “If not, we will need to look at other potential areas, and this is part of the contract. There is no point in setting up the capacity today and leaving it idle.”[/size]
[size=45]Oil Minister Ihsan Ismail said on June 19 that Iraq hopes to increase its oil production capacity to 8 million barrels per day in the year 2027. He previously gave various timetables for reaching this goal, which depends in part on agreements with international oil companies about Peak levels for the fields in which they work mainly in southern Iraq.[/size]
[size=45]Iraq, with a production capacity of 5 million barrels per day, mainly produces associated gas from oil, and the Basrah Gas Company processes about 30% of the gas produced in Iraq.[/size]
[size=45]However, Iraq remains the world's second largest gas flaring country after Russia, according to the World Bank.[/size]
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