Company : GAZPROM NEFT BADRA
Address : Royal Tulip Al-Rasheed - Hotel,
International Green Zone,
Yafa Street, 8070,
Gazprom Neft Badra, Office 335-338
Email : [email protected]
Website : http://www.gazpromneft-badra.com/
Country : Iraq
Location : Iraq
Funding Agency : No
Description : Badra oil field with estimated reserves of over 3 billion barrels of oil is located in Wasit Province in Eastern Iraq. In order to develop the oil field, an operator company, Gazprom Neft Badra, has been established, representing the interests of the international consortium comprising Gazprom Neft (Russia), KOGAS (Korea), Petronas (Malaysia), TPAO (Turkey), and the Iraqi Government. The project is scheduled for 20 years. Preliminary estimates indicate total oil in place at the Badra field to be in the order of three billion barrels. The contract for development of the field is expected to run for 20 years, with potential for extension by a further five. The contract was signed with the Government of Iraq in January 2010, on behalf of a consortium comprising Gazprom Neft (operator), KOGAS (Korea), PETRONAS (Malaysia), and TPAO (Turkey). Gazprom Neft's share in the project is 30 percent, KOGAS' 22.5 percent, PETRONAS' 15 percent and TPAO's 7.5 percent. The share held by the Iraqi government, represented by the Iraqi Oil Exploration Company (OEC), is 25 percent. The consortium signed a contract with Baghdad to develop the Badra oil field in January 2009. The consortium plans to increase production from the field to 170,000 barrels a day by 2017, according to a development plan agreed with the Iraqi government. Iraq's cabinet approved an USD 879 million oilfield service contract with Samsung Engineering for design and building phase two of a central processing facility (CPF) for oil production in the field. Work on the CPF is expected to take two years to complete. The initial production from the field is expected to be 15,000 barrels a day at the end of September 2013. Badra's reserves are estimated to be around 3 billion barrels of oil.
Updates : August 23, 2017:
Gazprom Neft Badra has begun trial shipments of liquid petroleum gas (LPG) to Iraq’s state-owned Gas Filling Company. All equipment at the gas plant that is currently being built at the Badra field, Iraq, is now undergoing performance testing. As part of the comprehensive testing of equipment at the gas plant, gas is also being sent to the Az-Zubaydiyah power station, located some 100 kilometres from the field.
March 27, 2017:
Gazprom Neft Badra, a subsidiary of Gazprom Neft, has produced the five-millionth tonne of oil at its Badra field, Iraq. This outcome has been achieved in just over two and a half years' of commercial production. Total cumulative oil production since the start of 2017 is now in excess of 679,000 tonnes (five million barrels).
Four wells, with a total production rate of 27,000 barrels per day, have been commissioned at the field in 2017, bringing the total number of production wells at the field to 14, with total daily production increasing to 80,000 barrels. All wells are operating under free-flow production.
Pursuant to the agreed field development programme, Gazprom Neft is continuing the construction of oil and gas infrastructure. Pre-commissioning works are currently ongoing at the field's gas treatment plant, with piping connections being installed, as well as electrical fixtures and automatic control systems. The first stage of this project will be commissioned in 2Q 2017 and the second in 3Q 2017.
January 15, 2013:
Iraq and Gazprom Neft has awarded an USD 879 million contract to South Korea's Samsung Engineering to develop the Badra oil field in eastern Iraq. Samsung will design and build phase two of a central processing facility, or CPF, for oil production in the field.
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