Russia’s Gazprom Neft have announced that production at the Badra field in Wasit province is close to double last year’s production, now reaching 28,000 bpd.
Gazprom Neft’s commercial production and exports at Badra started in September last year, after the company signed a contract to develop the field in January 2010, as a result of the 2009 oil field bidding rounds. The field is operated by Kogas, Petronas, TPAO and the Iraqi Oil Exploration Company. Gazprom Neft is the lead operator.
When fully exploited, the field is expected to produce 170,000 bpd, and has an estimated 3 billion barrels of recoverable oil.
(Source: Gazprom Neft)