Gazprom Neft Produces Three-millionth tonne of Oil at Badra Field

Source: www.gulfoilandgas.com 8/16/2016, Location: Middle East

Gazprom Neft Badra, a subsidiary of Gazprom Neft, has produced its three-millionth tonne of oil at the Badra field, Iraq. Total production since the start of 2016 has now reached 1.3 million tonnes.

The use of cutting-edge production technologies and transportation mean this result has been achieved within less than two years of the field going into commercial production in Q3 2014.

Four new wells were brought into production at this field earlier this year, together producing a further 30,500 barrels per day. Drilling of four further wells — P-10, BD-2, P-14 and P-19 — is currently ongoing, with construction expected to be complete by early 2017.

Denis Sugaipov, Director of Major Projects, Gazprom Neft, commented: “Development of the Badra field is predicated upon our building modern oil and gas infrastructure, and upon our consistently increasing oil production. Gazprom Neft, as operator of the project, is optimising the use of technology to cut lead times and costs in well construction, thereby ensuring optimum viability in field development.”

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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