Gazprom Neft Cuts Output Forecast Iraq Oilield

Thursday, November 8, 2018

Russian oil producer Gazprom Neft has made a further cut to its forecast for the level at which output will plateau at the Badra oilfield in Iraq, the company said on its website on Thursday.

The post cited comments made by Deputy Chief Executive Vadim Yakovlev in an interview with media outlet Energy Intelligence, saying average production will plateau at 80,000 bpd this year.

The plateau for the next few years was previously expected to be 85,000 bpd.


(Reporting by Vladimir Soldatkin Editing by David Goodman)

Categories: Middle East Oil

Related Stories

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Surges to Four-Week High as US-Iran Trade Blows

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Current News

Oil Goes Down 2% as Saudi Supply Concerns Recede

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com