Badra is a producing conventional oil field located onshore Iraq and is operated by Gazprom Neft. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Badra Contract Area. Buy the profile here.
Field participation details
The field is owned by Gazprom, Korea Gas, Ministry of Oil, Iraq, Petroliam Nasional and Turkiye Petrolleri Anonim Ortakligi.
Production from Badra
The Badra conventional oil field recovered 63.69% 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 75.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 96.00 Mmboe, comprised of 54.37 Mmbbl of crude oil & condensate and 249.75 bcf of natural gas reserves. Badra conventional oil field reserves accounts 0.02% 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.
For more details on the Badra Conventional Oil Field, buy the profile here.