USD 63.2257

-0.34

EUR 70.4271

-0.03

BRENT 64.34

-0.14

AI-92 42.39

-0.01

AI-95 46.08

0

AI-98 51.07

0

Diesel 47.99

0

75

5-millionth tonne of oil produced at Gazprom Neft’s Badra oil field in Iraq

Gazprom Neft Badra has produced the 5-millionth tonne of oil at its Badra field, Iraq.

5-millionth tonne of oil produced at Gazprom Neft’s Badra oil field in Iraq 5-millionth tonne of oil produced at Gazprom Neft’s Badra oil field in Iraq


Gazprom Neft Badra, a subsidiary of Gazprom Neft, reported on March 27, 2017, that the company has produced the 5-millionth tonne of oil at its Badra field, Iraq.

 

Thanks to the application of cutting-edge production and transportation technologies, this outcome has been achieved in just over 2,5 years’ of commercial production.

Total cumulative oil production since the start of 2017 is now in excess of 679,000 tonnes (5 million barrels).

 

4 wells, with a total production rate of 27,000 barrels per day, have been commissioned at the field in 2017, bringing the total number of production wells at the field to 14, with total daily production increasing to 80,000 barrels.

All wells are operating under free-flow production.

 

Pursuant to the agreed field development programme, Gazprom Neft is continuing the construction of oil and gas infrastructure.

Pre-commissioning works are currently ongoing at the field’s gas treatment plant, with piping connections being installed, as well as electrical fixtures and automatic control systems.

 

The 1st stage of this project will be commissioned in 2Q 2017 and the 2nd in 3Q 2017.

 

Denis Sugaipov, Director of Major Projects, Gazprom Neft, commented: «The Badra project is going according to plan, and it’s clear that the infrastructure necessary for increasing oil production is already in place. Badra is Gazprom Neft’s 1st project abroad, and one of our most successful major projects. Field infrastructure continues to expand, and is, already, now a major production complex, unique to the region.»

 

To read this news in Russian.

 

Source : Neftegaz.RU