Petrochina Starts 100,000 B/D Output at Iraq Halfaya

HALFAYA, Iraq-PetroChina Co Ltd. and its partners Total SA (TOT) and Petronas Calgari, said it has commenced first oil production at Iraq's giant Halfaya oil field in southern Iraq.

Iraq Deputy Prime Minister Hussein al-Shahristani said the consortium has started production of 100,000 barrels a day from the field with some 16 billion barrels of oil in place.

PetroChina, a subsidiary of China National Petroleum Corp. or CNPC, China's largest energy producer, operator of the field holds 37.5% of the consortium, and Total and Petronas Caligari both hold 18.75% stakes in the consortium, while Iraq's state partner holds the remaining 25%.

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