Lukoil Expects the Arrival of the Production of West Qurna 2 Field Peaked in 2019

BAGHDAD / JD / .. An official at Lukoil’s second-largest crude oil producer in Russia said on Thursday it expects to reach production of West Qurna 2 field giant in Iraq peaked at 1.25 million barrels per day in 2019. Said Ravel Madjanov who oversees the excavation work The production company also told Reuters that is expected to exceed the total investment in the field in southern Iraq, 30 billion dollars.

was the Ministry of Oil has announced the signing of the first amendment to the contract to develop the West Qurna 2 with Russia’s Lukoil, asserting that the company’s share of the contract became 75%. Ministry said in a statement last year: we signed with Russia’s LUKOIL First Amendment of the contract to develop the West Qurna field / “second stage” in the presence of Minister of Oil Abdul-Karim and coffee and head of Lukoil Gakid Kabirov.

And oil minister said that the share of Russia’s LUKOIL became, according to the amendment, which was concluded today 75% and the Oil Ministry signed a service contract for the West Qurna field / second phase with a consortium of Russian Lukoil and Statoil of Norway within the second licensing round and has the assignment of share Statoil amounting to (18.75) for the benefit of Lukoil and the measure came Under the First Amendment, signed by the ministry with Lukoil.

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