PHOTO
Workers of South Oil Company (SOC) adjust a valve at the Rumaila oil field in Basra Province in this May 24, 2010 file photo. The initial development plan agreed by Exxon Mobil and its partners for Iraq's West Qurna Phase One oilfield included drilling eight new wells and overhauling up to 50 wells this year to boost output. Exxon Mobil wants to leave its flagship Iraqi oil project after upsetting Baghdad by signing a deal last year with the autonomous northern Kurdish region, which the central government deemed illegal, US officials confirmed October 18, 2012. REUTERS/Atef Hassan/Files (IRAQ - Tags: ENERGY BUSINESS)
Iraq has nearly completed a project to boost the production of the world’s second largest oil field by around 100,000 barrels per day (bpd), the field’s manager has said.
Rumaila field is currently pumping nearly 1.3 million bpd and output is projected to rise to around 1.4 million bpd at the end of 2023, said Imad Lafta, manager of the firm operating the field in the Southern Basra city.
Lafta, quoted by the official Iraqi News on Wednesday, said Rumaila is the world’s second largest oilfield by production and one of the largest fields by area, estimated at 1,600 square kilometre.
“We have been working seriously to achieve that target…the field’s output capacity will rise to 1.4 million bpd by the end of this year,” he said.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
