Ratawi is a producing heavy oil field located onshore Iraq and is operated by TotalEnergies. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
An expansion project is associated with the Ratawi, namely the Ratawi Development. This project is currently in the approval stage, expected to start in 2026.
Field participation details
The field is owned by Ministry of Oil, Iraq and TotalEnergies.
Production from Ratawi
The Ratawi heavy oil field recovered 9.69% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 238.23 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2074. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,468.84 Mmboe, comprised of 1,468.84 Mmbbl of crude oil & condensate. Ratawi heavy oil field reserves accounts 3.42% of total remaining reserves of producing heavy oil fields globally.
TotalEnergies SE (TotalEnergies), formerly Total SE, is an integrated global multi-energy company, which generates energy from natural gas and green gases, oil and biofuels, and renewables. It carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. It carries out power generation and gas trading and operates in the renewable energy sector. TotalEnergies supplies feedstock to chemical plants, charters ships and trades on various derivative markets. The company serves consumers in the transportation, automotive, aerospace, energy, housing and manufacturing industries. It has operations in Asia-Pacific, Africa, Europe, the Middle East, and North and South America. TotalEnergies is headquartered in Paris, Ile de France, France.
For more details on the Ratawi Heavy Oil Field, buy the profile here.