West Qurna (Arabic: غرب قرنة) is one of Iraq's largest oil fields, located north of Rumaila field, 65 km northwest of Basra. West Qurna is believed to hold 43 billion barrels (6.8×10^9 m3) of recoverable reserves – making it one of the biggest oil fields in the world.[1] Until 2009, the field was closed to Western firms.[2]
In November 2009, an ExxonMobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4×10^9 m3) West Qurna Phase I.[1] As per Iraqi Oil Ministry estimates, the project will require a $25 billion investment and another $25 billion in operating fees creating approximately 100,000 jobs in the underdeveloped southern region. ExxonMobil is set to increase the current production of 0.27 to 2.25 million barrels per day (43×10^3 to 358×10^3 m3/d) within seven years. The Iraqi government, in turn, will pay $1.90 per barrel produced by ExxonMobil-Shell alliance.[3] In November 2023, PetroChina took over as main operator of West Qurna 1, replacing ExxonMobil.[4]
West Qurna Phase IIedit
In December 2009, Russia's Lukoil and Norway's Statoil were awarded the rights to develop the 12.88-billion-barrels (2.048×10^9 m3) West Qurna Phase II oil field. The Lukoil-Statoil alliance will receive $1.15 per barrel that they produce. In addition, they will work to raise output from West Qurna 2 to 120,000 barrels per day (19,000 m3/d) by 2012[5] and 1.8 million barrels per day (290,000 m3/d) over a period of 13 years.[6][7] In March 2012, Statoil sold its 18.75% stake in the field to Lukoil, giving the Russian firm a 75% stake, and leaving the Iraqi state oil company with 25%.[8]
In 2023 Lukoil announced it is planning to double the production of oil from the West Qurna Field 2, to 800,000 bpd.[9]
Water-injection projectedit
A new joint multibillion-dollar water-injection project will be awarded to operator ExxonMobil. The project includes construction of a plant which will help 6 major oil-field development projects by producing 10–12 million barrels (1,600,000–1,900,000 m3) of water per day. The alliance will include Shell, Eni, Lukoil, CNPC and Petronas.[10]
U.S. Energy Information Administration Country Analysis Brief
Exxon-led group clinches Iraq's W.Qurna contract
Exxon, Shell Win Iraq's West Qurna Contract
April 20, 2024
west, qurna, field, west, qurna, arabic, غرب, قرنة, iraq, largest, fields, located, north, rumaila, field, northwest, basra, west, qurna, believed, hold, billion, barrels, recoverable, reserves, making, biggest, fields, world, until, 2009, field, closed, weste. West Qurna Arabic غرب قرنة is one of Iraq s largest oil fields located north of Rumaila field 65 km northwest of Basra West Qurna is believed to hold 43 billion barrels 6 8 10 9 m3 of recoverable reserves making it one of the biggest oil fields in the world 1 Until 2009 the field was closed to Western firms 2 West QurnaLocation of West QurnaCountryIraqOffshore onshoreonshoreCoordinates30 53 7 N 47 17 27 E 30 88528 N 47 29083 E 30 88528 47 29083OwnerIraq National Oil CompanyService contractorsExxonMobil Shell Lukoil StatoilField historyDiscovery1973ProductionRecoverable oil43 000 million barrels 5 9 10 9 t Contents 1 Phases 1 1 West Qurna Phase I 1 2 West Qurna Phase II 1 3 Water injection project 2 See also 3 References 4 External linksPhases editWest Qurna Phase I edit In November 2009 an ExxonMobil Shell joint venture won a 50 billion contract to develop the 9 billion barrels 1 4 10 9 m3 West Qurna Phase I 1 As per Iraqi Oil Ministry estimates the project will require a 25 billion investment and another 25 billion in operating fees creating approximately 100 000 jobs in the underdeveloped southern region ExxonMobil is set to increase the current production of 0 27 to 2 25 million barrels per day 43 10 3 to 358 10 3 m3 d within seven years The Iraqi government in turn will pay 1 90 per barrel produced by ExxonMobil Shell alliance 3 In November 2023 PetroChina took over as main operator of West Qurna 1 replacing ExxonMobil 4 West Qurna Phase II edit In December 2009 Russia s Lukoil and Norway s Statoil were awarded the rights to develop the 12 88 billion barrels 2 048 10 9 m3 West Qurna Phase II oil field The Lukoil Statoil alliance will receive 1 15 per barrel that they produce In addition they will work to raise output from West Qurna 2 to 120 000 barrels per day 19 000 m3 d by 2012 5 and 1 8 million barrels per day 290 000 m3 d over a period of 13 years 6 7 In March 2012 Statoil sold its 18 75 stake in the field to Lukoil giving the Russian firm a 75 stake and leaving the Iraqi state oil company with 25 8 In 2023 Lukoil announced it is planning to double the production of oil from the West Qurna Field 2 to 800 000 bpd 9 Water injection project edit A new joint multibillion dollar water injection project will be awarded to operator ExxonMobil The project includes construction of a plant which will help 6 major oil field development projects by producing 10 12 million barrels 1 600 000 1 900 000 m3 of water per day The alliance will include Shell Eni Lukoil CNPC and Petronas 10 See also edit nbsp Iraq portal nbsp Energy portalal QurnahReferences edit a b Christopher Helman 2010 01 21 The World s Biggest Oil Reserves Forbes Retrieved 2010 04 19 Gina Chon 2009 11 05 Iraq Awards West Qurna 1 Oil Field to Exxon Shell Wall Street Journal Retrieved 2010 04 19 Martin Chulov 2009 11 05 ExxonMobil wins 50bn contract to develop West Qurna oilfield The Guardian Retrieved 2010 04 19 ExxonMobil hands over operations at West Qurna 1 oilfield to PetroChina Reuters January 1 2024 Simon Webb 2010 04 27 Iraq s West Qurna to hit 120 000 bpd in 2012 Reuters Retrieved 2010 05 21 Russian Oil Giant Wins Big in Iraq Auction Fox News 2009 12 12 Retrieved 2010 04 19 Iraq sets West Qurna date Upstream Online NHST Media Group 2010 01 20 Retrieved 2010 04 19 Iraq approves Statoil sale of oil field stake to Lukoil Reuters Archived from the original on 2016 03 04 Retrieved 2012 03 07 Russia s Lukoil To Double Oil Output At Iraqi Field West Qurna 2 To 800 000 Bpd 2 November 2023 Hassan Hafidh 2010 04 19 Exxon Spearheads Iraqi Water Injection Project Rigzone Retrieved 2010 04 19 External links editU S Energy Information Administration Country Analysis Brief Exxon led group clinches Iraq s W Qurna contract Exxon Shell Win Iraq s West Qurna Contract Retrieved from https en wikipedia org w index php title West Qurna Field amp oldid 1194460021, wikipedia, wiki, book, books, library,
