Sarta is a producing heavy oil field located onshore Iraq and is operated by Genel Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Sarta. Buy the profile here.
Field participation details
The field is owned by Chevron, Genel Energy and Kurdistan Regional Government.
Production from Sarta
The Sarta heavy oil field recovered 12.13% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 16.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.
Remaining recoverable reserves
The field is expected to recover 30.82 Mmboe, comprised of 30.82 Mmbbl of crude oil & condensate. Sarta heavy oil field reserves accounts 0.07% of total remaining reserves of producing heavy oil fields globally.
About Genel Energy
Genel Energy Plc (Genel) is an independent upstream oil and gas company. It is engaged in acquisition, exploration, and production of oil, and natural gas properties. It holds an exploration interest in Taq Taq and Tawke in the Kurdistan region. The company develops the Miran and Bina Bawi gas fields in Zagros Fold belt in the Kurdistan Region of Iraq. Genel also has gas reserves in Chia Surkh and Peshkabir licenses in the Kurdistan Region of Iraq; and Somaliland and Sidi Moussa licenses in Africa. The company's assets include pipeline infrastructure that export its oil production from the Tawke field into storage at the port of Ceyhan on Turkey’s Mediterranean coast. Genel is headquartered in London, England, the UK.
For more details on the Sarta Heavy 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.
