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November 22, 2021updated 27 Apr 2022 11:47am

Kirkuk Conventional Oil Field, Iraq

By Carmen

Kirkuk is a producing conventional oil field located onshore Iraq and is operated by North Oil. The field is located in block Kirkuk Contract Area.

Field participation details

The field is owned by Ministry of Oil and Iraq.


Production from Kirkuk

The Kirkuk conventional oil field recovered 98.31% of its total recoverable reserves, with peak production in 1974. The peak production was approximately 1,102.34 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 334.08 Mmboe, comprised of 334.08 Mmbbl of crude oil & condensate. Kirkuk conventional oil field reserves accounts 0.07% of total remaining reserves of producing conventional oil fields globally.


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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