Press Esc to close

WorldOil

World Oil News Center



Lukoil extends its contract with the Iraqi government on the West Qurna-2

BY ANDREY OSTROUKH

MOSCOW -- Lukoil is looking at new initiatives in West Africa and on a Brazilian shelf and further plans to extend its contract with the Iraqi government on the West Qurna-2 project by five years.

The company estimates that output at the West Qurna-2 oil field will reach 1.2 MMbopd instead of 1.8 MMbopd predicted in an initial estimate. The revision could prolong the production period to 19 years from 12-13 years projected earlier.

Lukoil will channel $10.76 billion of investment into its existing shelf projects by 2021, 180 million of which has been already invested.

Dow Jones Newswires

01/15/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events