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April 28, 2022

Akkas Conventional Gas Field, Iraq

By Carmen

Akkas is a conventional gas development located onshore Iraq and is operated by North Oil. Discovered in 1992, Akkas lies in block Akkas Contract Area.

The project is currently in feed stage and is expected to start commercial production in 2025. The Akkas conventional gas development will involve the drilling of approximately six wells.

Field participation details

The field is owned by Ministry of Oil and Iraq.


Production from Akkas

Production from the Akkas conventional gas development project is expected to begin in 2025 and is forecast to peak in 2038, to approximately 392 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.


Remaining recoverable reserves

The field is expected to recover 455.15 Mmboe, comprised of 2,730.9 bcf of natural gas reserves.


Contractors involved in the Akkas conventional gas field

Some of the key contractors involved in the Akkas project as follows.

Main EPC: Daewoo Engineering & Construction

Other Contractors: BGR Energy Systems, John Wood Group, Mott MacDonald Group and OSUN Engineering

About North Oil

North Oil Company (North Co) is an oil and gas company that produces crude oil and natural gas from oil and gas fields. The company offers transportation, materials procurement and storage and workshop services. Its services include treatment of oil, separation and compression, research and quality control, and technical services. The company’s Al-Shaheen oil field is located in Qatari waters 80 kilometers north of Ras Laffan. North Co operates through pump stations, process units, oil tank fields, degassing stations, gas compressor stations, water treatments plants, electric generation stations and other oil wells. It supplies crude oil to Iraqi refineries. NOC is headquartered in Kirkuk, Iraq.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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