Press Release

LUKOIL BEGINS DRILLING NEW PRODUCTION WELLS AT WEST QURNA-2

Thursday, February 7, 2019

​​LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at West Qurna-2 from the current level of 400 thousand barrels per day to 480 thousand barrels per day in 2020.

To deliver the project LUKOIL uses an approach to cluster drilling which envisages erection of two drilling rigs at one well pad. This approach is new for Iraq and will provide for significant field development speed up and production growth within the shortest time.

Over five hundred Iraqis, residing in proximity to West Qurna-2 field, will be employed for the drilling campaign.

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LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL's Intelligent Field project, which aims to introduce integrated models at over 100 key fields. ​

05/03/2018 - PJSC LUKOIL PRESIDENT MET PRIME MINISTER OF IRAQ

Prime Minister of Iraq Haider Al Abadi held a meeting with P​JSC LUKOIL President Vagit Alekperov in Baghdad. Parties discussed several issues related to LUKOIL projects in the country.​

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Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. The discussion centered on prospects of the joint projects in Iraq, including West Qurna-2 fields, and on coordination of efforts of the oil market players to ensure the market balance in the medium term.

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