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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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    Lukoil is preparing to resume work to develop the West Qurna field

    Rocky
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    Lukoil is preparing to resume work to develop the West Qurna field Empty Lukoil is preparing to resume work to develop the West Qurna field

    Post by Rocky Sat 25 Jun 2016, 2:56 am

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    Lukoil is preparing to resume work to develop the West Qurna field


     Baghdad / Hamid Ahmed 

    Announced that Russian oil company, Lukoil, on Friday, ready to resume the second stage of development in the field ( the West Qurna -2) in the province of Basra. As indicated it is developing plans to begin implementation, confirmed its intention to reach rates ofproduction to 27 million metric tons annually, while DNO Norwegian revealed access to thesecond installment of the dues for the month of May of the Kurdistan region. The executive first deputy chairman Luc Inc. oil, Ravil Maganov, in a press statement, and I followed (range press), " thecompany continues to work to develop the West Qurna field , to raise the level of oil production and access to high rates , " noting that "Lukoil oil in the process of preparing plans for the resumption of the second phase of development work which will increase oil production of the field for up to 27 million metric tons per year. "the West Qurna field , and one of the largest oil fields in Iraq and has been extracting oil from it the first time during the year 1973, experts estimate, according to contain oil reserves of 14 billion barrels. he Maganov "if what has been the completion of three development of the field phases (West Alqrnh2) it is expected that theannual rate of production in which up to 64.2 million metric tons , " he said , adding that " the current production of oil rate in the West Qurna field, up to the limits of 20 million tons metric year. " It was Russia's LUKOIL oil, revealed in the (second from June 2016), about a plan to increase oil production rates in Iraq, as pointed out that negotiations are under way with Iraq to agree on a service contract terms. The Iraqi Oil Ministry has signed in 2010 a contract final with a consortium of Russian and Norwegian companies to develop West Qurna phase II in Basra province , the second licensing round. in a related development, administration Norwegian DNO reported for Reuters, that it " has received 24.28 million dollars from the Government of Iraq 's Kurdistan region as a down payment for a second export May shipments from producing Tawke field. " With the receipt of $ 15 million earlier this week payment shall be covered by the settlement of May shipments bill in full and the $ 39.28 million , including 32.95 million dollars worth of monthly dues and 6.34 million dollars to pay off the arrears for operations the previous delivery. sharing money will be in proportion to the share of DNO and its partner Genel Energy. the average production Tawke field in May , 117 thousand and 757 barrels per day from 114 thousand and 848 barrels per day for export. Iraq is the second largest oil producer in OPEC and seeks with the rest of the members of the organization, such as Saudi Arabia, Kuwait, the UAE and Iran, to increase their oil exports during the third quarter of the current 2016, as Iraq is trying to overcome thestandard rate of current exports amounting to up to three million and 370 thousand barrels per day, during thenext June, Havea so the example of producers other oil in the Middle East to increase their shares in themarket ahead of the meeting of the Organization of petroleum exporting countries members (OPEC) early this month.
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