Lukoil to work on doubling output to 800,000 b/d at Iraq’s West Qurna 2 field
November 2, 2023 Comments Off
Lukoil said Nov. 2 it had signed with Iraq’s state-owned Basrah Oil Co. an agreement to extend its oil service contract for West Qurna 2 field by 10 years to 2045 and double oil production from the asset to 800,000 b/d. “The agreement provides for better conditions and prolongation of the service contract for 10 years (until 2045), investments into…
Lukoil to work on doubling output to 800,000 b/d at Iraq’s West Qurna 2 field
Lukoil said Nov. 2 it had signed with Iraq’s state-owned Basrah Oil Co. an agreement to extend its oil service contract for West Qurna 2 field by 10 years to 2045 and double oil production from the asset to 800,000 b/d. “The agreement provides for better conditions and prolongation of the service contract for 10 years (until 2045), investments into…
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