LUKOIL produces over 30 million tonnes of oil at Iraq's West Qurna-2

12/28/2015

MOSCOW -- Cumulative production from Iraq’s West Qurna-2 field has exceeded 30 million tonnes of oil since its launch in March 2014, Lukoil, which operates the field, said in a statement. 

On Dec. 24, LUKOIL achieved its annual production target for West Qurna-2 field in full: 20 million tonnes of oil were produced since the beginning of the year. As of today, the field's production capacity stands at 450,000 bopd (approximately 66,000 tonnes).

West Qurna-2, one of the largest oil fields in the world, is located in southern Iraq, 65 km from the town of Basrah. The project development stakeholders are the South Oil Company of Iraq’s Ministry of Oil (on behalf of the state) and a consortium of contractors comprising LUKOIL (75%) and the Iraqi state-owned North Oil Company (25%).

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