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West Qurna-2

West
Qurna-2
Implementing
a
mega
project.

West Qurna-2 field is located in the southern part of Iraq, 65 kilometers north-west of Basra, a major seaport city, and is one of the world's largest fields. The field's recoverable reserves come to around 14 billion barrels. More than 90% of the reserves are concentrated in Mishrif and Yamama accumulations.

On December 12, 2009 the consortium of PJSC LUKOIL and Statoil, a Norwegian company, was awarded a contract for the development of West Qurna-2 field, one of the world's largest fields. On January 31, 2010, a services contract was signed for the development and production at West Qurna-2. The contract was ratified by the Cabinet of Ministers of the Republic of Iraq.

A supplement agreement to the contract was signed in January 2013 that outlined the target contractual production (1.2 million barrels of oil per day) for a the target production period of 19.5 years, and a 25-year extension of the contract term.

On March 29, 2014, commercial oil production was commenced at the field to reach 380 ths. bbl/day by year end, and more than 400 ths. bbl/day by year end 2015.

In 2015, as part of project costs compensation, LUKOIL received 10.5 million tons of oil (44 tankers). The total gross sales of the compensation oil came to USD 3.1 billion.

Project implementation includes demothballing the existing wells, drilling a few hundred new production, exploratory, prospecting, and injection wells, creating a water supply and formation pressure maintenance system, construction of production facilities, and numerous other facilities of infrastructure, access ways, power system, infield and external pipelines.

Construction of basic production facilities was launched in April 2012.

The initial field development phase (Early Oil) was completed within a record-breaking time of 27 months. Starting in April, 2012, the field’s major production facilities were constructed at the contract area (an oil treatment plant with a capacity of more than 400,000 bbl./day), 48 production wells were drilled (as of March 2014), 5 well pads were prepared; a 126-MW gas turbine power plant, a water intake station from the Euphrates river, an export oil pipeline to the Tuba terminal stretching over 100 km, extra reservoirs at the Tuba terminal with a total capacity of 198,000 cubic meters, a rotation camp, access ways, and field pipelines were constructed.

  • On March 29, 2014, commercial oil production commenced at the field at the planning rate of 120 thousand bbl/day.

    On June 11, 2014 LUKOIL was granted the right to the compensation of costs and remuneration of costs under West Qurna-2 project. On August 19, 2014, the first batch of compensation oil from West Qurna-2 was shipped from the port of Basra in southern Iraq.

    Currently, the commissioned production facility enables the production of 450 thousand bbl per day. West Qurna-2 is a major investment project carried out in Iraq by a private company as part of which maximum production growth was achieved from a single field. In 2015, the oil field produced 20 million tons of oil.

Press releases

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