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December 2, 2021updated 27 Apr 2022 12:41pm

Sarta Heavy Oil Field, Iraq

By Carmen

Sarta is a producing heavy oil field located onshore Iraq and is operated by Genel Energy. The field is located in block Sarta.

Field participation details

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


Production from Sarta

The Sarta heavy oil field recovered 6.76% 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 34.9 Mmboe, comprised of 34.9 Mmbbl of crude oil & condensate. Sarta heavy oil field reserves accounts 0.08% 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 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. Its 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.

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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