Lukoil says slashes West Qurna-2Тs plateau to 800,000 bpd in 2025 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Lukoil says slashes West Qurna-2Тs plateau to 800,000 bpd in 2025

MOSCOW, May 11 (PRIME) -- Russian oil company Lukoil and IraqТs Basra Oil Company have slashed an oil rate plateau for the West Qurna-2 deposit to 800,000 barrel per day in 2025 from 1.8 million barrels in the old plan, Lukoil said in a statement on Friday.

The deposit will produce 480,000 barrels per day in 2020.

УThese indicators will be achieved as a result of drilling and commissioning of new production and injection wells, construction and launching of oil treatment, storage and transportation facilities and facilities for gas treatment and power generation,Ф Lukoil said.

Lukoil holds 75% in the West Qurna-2 project, while Iraqi state firm North Oil Company has a 25% stake.

End

11.05.2018 14:36
 
 
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