Registration was successful!
Please follow the link from the email sent to

LUKoil to produce 8-10 mln tons of oil p.a. at Iraq's West Qurna-2

© RIA Novosti . Ruslan KrivobokLUKoil to produce 8-10 mln tons of oil p.a. at Iraq's West Qurna-2
LUKoil to produce 8-10 mln tons of oil p.a. at Iraq's West Qurna-2 - Sputnik International
Subscribe
Russia's largest private oil company LUKoil expects to produce 8-10 million tons of oil a year at the West Qurna-2 oil field in Iraq, a LUKoil vice president said on Wednesday

Russia's largest private oil company LUKoil expects to produce 8-10 million tons of oil a year at the West Qurna-2 oil field in Iraq, a LUKoil vice president said on Wednesday.

Leonid Fedun said next year his company would be ready to start large-scale drilling operations at the field, which should subsequently ensure a production volume of 440,000 barrels per day.

Asked whether LUKoil was interested in participating in a tender for a natural gas field in Iran - due to be held on September 1 - Fedun said it was currently studying all proposals.

"We are closely studying all proposals but at this stage I cannot say that a definitive decision has been made yet," he said.

LUKoil has signed a 20-year contract to develop West Qurna-2, a 13 billion-barrel oil field in the Basra province in southern Iraq as part of a consortium with Norway's StatoilHydro (18.75%) and Iraqi state-owned North Oil Company (25%). LUKoil holds 56.25% in the consortium.

LUKoil CEO Vagit Alekperov earlier said that the consortium would invest a total of $30 billion in West Qurna-2.

The field, discovered in 1973, was explored by Soviet geological survey organizations.

MOSCOW, June (RIA Novosti)

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала