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November 25, 2021updated 26 Nov 2021 5:34am

Ratawi Heavy Oil Field, Iraq

By Carmen

Ratawi is a producing heavy oil field located onshore Iraq and is operated by TotalEnergies.

An expansion project is associated with the Ratawi, namely Ratawi Development. This project is currently in the approval stage, expected to start in 2026.

Field participation details

The field is owned by TotalEnergies, Ministry of Oil and Iraq.


Production from Ratawi

The Ratawi heavy oil field recovered 35.07% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 17.56 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059.


Remaining recoverable reserves

The field is expected to recover 65.02 Mmboe, comprised of 65.02 Mmbbl of crude oil & condensate. Ratawi heavy oil field reserves accounts 0.14% of total remaining reserves of producing heavy oil fields globally.


About TotalEnergies

TotalEnergies SE (Total), formerly Total SE, is an integrated global energy company that discovers, produces, refines and markets oil and gas, and also manufactures petrochemicals. It carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. It conducts power generation and gas trading and operates in the renewable energy sector. Total supplies feedstock to refineries, charters ships and undertakes trading on various derivative markets. The company serves consumers in transportation, automotive, aerospace, energy, housing and manufacturing industries. It has operations in Asia-Pacific, Africa, Europe and Commonwealth of Independent States, the Middle East, and North and Central America. Total is headquartered in Courbevoie, France.

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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