Eridu is a conventional oil development located onshore Iraq and is operated by LUKOIL Overseas Iraq Exploration. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Eridu was discovered in 2017, lies in block Block 10. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. The Eridu conventional oil development will involve the drilling of approximately 13 wells.
Field participation details
The field is owned by Inpex and Lukoil Oil.
Production from Eridu
Production from the Eridu conventional oil development project is expected to begin in 2025 and is forecast to peak in 2048, to approximately 245,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2072.
Remaining recoverable reserves
The field is expected to recover 2,579.76 Mmboe, comprised of 2,579.76 Mmbbl of crude oil & condensate.
Contractors involved in the Eridu conventional oil field
Some of the key contractors involved in the Eridu project as follows.
Design/FEED Engineering: China Petroleum Engineering
Other Contractors: Oil Exploration Co of Iraq
For more details on the Eridu Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
