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November 26, 2021updated 27 Apr 2022 11:58am

Badra Conventional Oil Field, Iraq

By Carmen

Badra is a producing conventional oil field located onshore Iraq and is operated by Gazprom Neft. The field is located in block Badra Contract Area.

Field participation details

The field is owned by Korea Gas, Petroliam Nasional, Ministry of Oil, Iraq, Gazprom and Turkiye Petrolleri Anonim Ortakligi.


Production from Badra

The Badra conventional oil field recovered 48.59% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 80.28 thousand bpd of crude oil and condensate and 75 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 164.61 Mmboe, comprised of 124.07 Mmbbl of crude oil & condensate and 243.22 bcf of natural gas reserves. Badra conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil fields globally.


About Gazprom Neft

Gazprom Neft, a subsidiary of Gazprom, is an integrated oil and gas company. It explores for, develops, and produces crude oil and natural gas. The company operates in Khanty-Mansi and Yamalo-Nenets Autonomous Districts, and Tomsk, Omsk and Orenburg regions in Russia; and also has production projects in Iraq and other regions. It processes crude oil into refined products such as aviation fuel, motor fuel and others. Gazprom Neft also operates refining facilities in Omsk, Moscow and Yaroslavl regions in Russia and Serbia. The company distributes products through a network of retail outlets in Russia and overseas. Gazprom Neft is headquartered in St Petersburg, Russia.

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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