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December 2, 2021

Sarta Heavy Oil Field, Iraq

By Carmen

Sarta is a producing heavy oil field located onshore Iraq and is operated by Chevron Iraq (Sarta). The field is located in block Sarta.

An expansion project is associated with the Sarta, namely Sarta Phase 2. This project is currently in the feasibility stage, expected to start in 2022.

Field participation details

The field is owned by Genel Energy, Chevron and Kurdistan Regional Government.


Production from Sarta

The Sarta heavy oil field recovered 0.52% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 16 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 37.39 Mmboe, comprised of 37.39 Mmbbl of crude oil & condensate. Sarta heavy oil field reserves accounts 0.08% of total remaining reserves of producing heavy oil fields globally.


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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