Oil Announces rising production Badra field to 65 thousand barrels per day by the end of this year
Baghdad / term
The management of Badrah in Wasit province revealed on Friday (25/9/215) Kazibrom that the oil company has launched a new oil wells in the sixth Badra oil field, with confirmed high field production of crude oil to 45 thousand barrels per day, indicated that the company operates within the specified time theprogram to attain production peak by 2017
and said the older agent for the Ministry of oil Fayyad good grace after touring the Badra oil field, according to a statement issued by the ministry received the "long", a copy of which, " the ministry is keen to implement its plans to increase oil production and development of oil fields by program agreed with international companies , "he said , adding that" oil production in the field Badra will see a rise in the quantities produced rate down to 65,000 barrels per day by the end of this year. "
grace and added that" next year will also add the amount of 40,000 barrels per day of oil the current production as well as the production quantity of 92 million standard cubic feet of gas to run Zubaydiah power plant in Wasit province , in addition to the production quantity of 730 tons of liquid gas. "
for his part, ministry spokesman Assem Jihad said that" a coalition of oil companies led by the operator ofPresident Kaz Gazprom has made great progress in the completion of two oil and gas production as well as pipeline gas transportation to Zubaydiah power station "line, noting that" the use of modern technology in thefield of drilling wells has contributed downsample the time period for the completion of drilling operations in spite of the circumstances of complex geology in the field . " .
the Gazprom announced in ( the seventeenth of July 2015) that the field of Badra production jumped to 25% after the launch of a fifth well in it and reached a daily production to 35 thousand barrels of oil.
the company itself had suggested in July as well, and the arrival of oil production to 45 thousand barrels per day by the end of the current 2015 and revealed its quest for a tender for the drilling of 13 new wells.
located Badra oil field in Wasit province, according to preliminary estimates, the oil resources of the field, with an estimated three billion barrels of oil, has been designed to develop the well project, for 20 years with thepossibility of extending the duration of work there for another five years, and began commercial production in the Badra field in 2014.
he was an American site specializes economic news events revealed on Monday (April 11 216), the arrival ofIraqi oil production during the month of last March, at record rates coincide with the forthcoming meeting of the (OPEC), and with the oil marketing company Iraqi confirmed that production last month, was higher than the production of the previous month, confirmed that Iraqi crude exports also rose last month compared toFebruary last.
the site Bloomberg US economic news in a report seen he ( the long - Presse), said that "Iraq 's oil production reached record levels during the month of March just before the members of the OPEC meeting expected with the rest of the other producers in the Qatari capital Doha to discuss the freeze on production rates that would reduce the oversupply of oil in the global market plans to improve prices. "
quoted Bloomberg , a statement from the company 's oil marketing Sumo revealing" about the rise in crude production in Iraq over the past month to reach 4.55 million barrels per day higher than the production month of February before which stood at an average of 4.46 million barrels per day. "
According to a statement SOMO the "crude exports increased in March to reach 3.81 million barrels per day, is superior to the rates of the month of February , which amounted to 3.23 million barrels per day."
It is due to meet members of the Organization of petroleum exporting countries ( OPEC ) with the rest of thetop oil producers world such as Russia in the Qatari capital Doha on next Sunday (April 17, 2016) to decide the implementation of a possible freeze on production rates in an attempt to improve the situation of prices.
referred to Iraq it had endorsed an agreement reached during the month of February 2016, between Saudi Arabia and Russia, Venezuela and Qatar to freeze their production rates at levels the month of January.