Lukoil Reaches 100mmt of Oil at West Qurna-2

Shailaja A. Lakshmi
Sunday, April 28, 2019

Russia's oil producer Lukoil said cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project.

With 184 wells drilled at the field, the average daily production rate is 400,000 bbl, it said in a press release.

To manage the field's production, LUKOIL uses the intelligent field concept  which allows to control and adjust where necessary  the production indicators in real-time.

In 2018, the company started Phase 2 of the field's development which envisages  growth in daily production to 480,000 barrels in 2020 and to a plateau of 800,000 barrels per day in 2025. In January 2019, the drilling of 28 wells began on well pad #4.

As of today, contracts have been signed to drill 57 production wells, including 54 at the Mishrif and 3 at the Yamama formations.

Categories: Energy Oil Production

Related Stories

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Iran Restarts Output at Three South Pars Offshore Gas Platforms

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Signs Eight Oil and Gas Contracts

Energean Cuts 2026 Output Forecast After Israel Shutdown

Current News

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

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