Sarqala is a producing conventional oil field located onshore Iraq and is operated by Gazprom Neft Middle East. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Garmian. Buy the profile here.
An expansion project is associated with the Sarqala, namely the Sarqala Development Project Phase 2. This project is currently in the feasibility stage.
Field participation details
The field is owned by Crest Energy International, Gazprom and Kurdistan Regional Government.
Production from Sarqala
The Sarqala conventional oil field recovered 16.09% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 33.97 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2084. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 295.36 Mmboe, comprised of 295.36 Mmbbl of crude oil & condensate. Sarqala conventional oil field reserves accounts 0.07% of total remaining reserves of producing conventional oil fields globally.
For more details on the Sarqala 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.
