West Qurna-2 is a producing conventional oil field located onshore Iraq and is operated by LUKOIL Mid-East. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block West Qurna-2 Contract Area. Buy the profile here.
Two expansion projects are associated with the West Qurna-2 conventional oil field, namely the West Qurna-2 Rehabilitation and the West Qurna-2 Enhanced Redevelopment. The expansion projects are currently in the commissioning and approval stage, targeting start-up during 2025 – 2027.
Field participation details
The field is owned by Lukoil Oil, Ministry of Oil and Iraq.
Production from West Qurna-2
The West Qurna-2 conventional oil field recovered 15.90% of its total recoverable reserves, with peak production expected in 2030. The peak production will approximately 800.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 8% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 6,255.27 Mmboe, comprised of 6,255.27 Mmbbl of crude oil & condensate. West Qurna-2 conventional oil field reserves accounts 1.39% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the West Qurna-2 conventional oil field
Some of the key contractors involved in the West Qurna-2 project as follows.
Main EPC: SICIM, 77 Insaat Ve Taahhut and Qimat Al Iqtidar Engineering
EPC Contractors: Hyundai Engineering & Construction, China Oil HBP Science & Technology and Cannon Artes
Other Contractors: China National Petroleum, Amarinth, Ferrometal, Enereco and China Petroleum Engineering
For more details on the West Qurna-2 Conventional Oil Field, buy the profile here.