Russian oil company Lukoil has published tenders for two projects at its West Qurna-2 oilfield.
Lukoil reported this on July 20, 2018
Russian oil company Lukoil has published tenders for two projects at itsWest Qurna-2 oilfield:
- Decentralised Water Injection Facilities;
- Gas Turbine Power Plant Expansion.
Interested companies have until 23rd July to apply for documents, and bids will be accepted until 23rd August.
Oil and Gas Fields: West Qurna 2
Name: West Qurna 2
Controlled by Ministry of Oil (Baghdad).
Location: Around 65 km NW of the city of Basra.
Reserves: 13 billion barrels of oil
Quality: 21.3°API Gravity.
Developed by: Lukoil (75%), South Oil Company (25)
Contract granted: 2009
Contract duration: 25 years.
Remuneration: $1.15 per barrel of oil from a production level of above 120,000 bpd
Plateau production target: 1.8 million bpd
To read this news in Russian.