Gazprom Neft cuts oil production plateau at Badra to 80,000 bpd

MOSCOW, Nov 8 (PRIME) -- Russian oil major Gazprom Neft has agreed with Iraq on reducing the oil production plateau on the Badra project to 80,000 barrels a day from 170,000 barrels previously, First Deputy CEO Vadim Yakovlev told Energy Intelligence agency on Thursday.

“We’ve reached agreements on the current production plateau and the mechanism, which helps reimburse costs faster… This year, the average level of production will reach 80,000 barrels a day, and this is the plateau,” he said.

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