Iraq Oil and Gas Report Q1 2017
Includes 3 FREE quarterly updates
LONDON, Jan. 9, 2017 /PRNewswire/ -- Major oilfield expansion projects in Iraq will be an important source of low-cost oil production to meet future demand and growth will continue in 2017. Natural gas imports from Iran starting in 2016 will play a significant role in meeting demand from the power sector, while exports are set from the KRG to Turkey in 2019.
Latest Updates And Key Forecasts
- Over 9M16 oil production in Iraq has averaged 4.323mn b/d, with 3.245mn b/d exported from Basra and 0.469mn b/d from the KRG.
- In November 2016, Iraq released production figures for its major oil fields in the South:
- 1. Rumaila - 1.4mn b/d 2. West Qurna 1 & 2 - 870,000b/d 3. Zubair - 390,000b/d 4. Majnoon - 214,000b/d 5. Halfaya - 2040,00b/d
- DNO is expected to add further wells at the Tawke field, increasing production from 109,000b/d in Q316 to 135,000b/d in 2017.
- The Ministry of Oil is due to offer up 12 small and medium sized fields in central and southern Iraq to international investors.
- Genel is expecting approval of the field development plan for the Miran/Bina Bawi fields, and the prefront end engineering for the midstream facilities to be completed by end 2016.
Download the full report: https://www.reportbuyer.com/product/172321/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
SOURCE ReportBuyer
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article