Cumulative production at the West Qurna-2 field has reached 100 million tons of oil. LUKOIL continues Phase 2 of the field’s development which envisages growth in daily production to 480,000 barrels in 2020 and to a plateau of 800,000 barrels per day in 2025.
LUKOIL Mid-East Limited warns all concerned parties of unauthorized employment offers.
A new well pad was commissioned at the West Qurna-2 oil field in Iraq. Production rate of the first two wells of the new well pad is fully in line with the preliminary forecasts.
LUKOIL Mid-East Limited sponsored international scientific conference dedicated to intellectual and cultural heritage of Northern part of Basra province, which is believed to be one of the most ancient human settlements.
LUKOIL has signed contracts on the performance of 3D and 2D seismic surveys at the earlier discovered Eridu field and at Block 10’s southern and central parts, previously not part of the survey.
LUKOIL has completed a field 3D seismic survey at West Qurna-2 field in Iraq. The Company has fulfilled all of its contractual obligations to the Ministry of Oil of Iraq.
Minister of Oil of Iran Bijan Namdar Zangeneh held a meeting with the President of LUKOIL Vagit Alekperov. The parties discussed potential involvement of the company in projects in Iran and other important issues, related to the development of global oil market.
LUKOIL has applied innovative technologies for examination of core samples of the West Qurna-2 field. The results of the experiment will be used to elaborate on reservoir porosity and permeability, develop a more accurate reservoir model of the Mishrif formation, and thus secure better efficiency of its development.
LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq. The well recorded daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon.
Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. The discussion centered on prospects of the joint projects in Iraq, including West Qurna-2 fields, and on coordination of efforts of the oil market players to ensure the market balance in the medium term.
