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November 26, 2021

Siba Conventional Gas Field, Iraq

By Carmen

Siba is a producing conventional gas field located onshore Iraq and is operated by Kuwait Energy. The field is located in block Siba Contract Area.

An expansion project is associated with the Siba, namely Siba Development. This project is currently in the feed stage.

Field participation details

The field is owned by Ministry of Oil, Iraq, United Energy Group, Turkiye Petrolleri Anonim Ortakligi and Egyptian General Petroleum.


Production from Siba

The Siba conventional gas field recovered 16.73% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 26 thousand bpd of crude oil and condensate and 100 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 146.37 Mmboe, comprised of 82.05 Mmbbl of crude oil & condensate and 385.92 bcf of natural gas reserves. Siba conventional gas field reserves accounts 0.05% of total remaining reserves of producing conventional gas fields globally.


Contractors involved in the Siba conventional gas field

The key contractors involved in the Siba project as follows.

Other Contractors: Gtl International

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About Kuwait Energy

Kuwait Energy Plc (Kuwait Energy), a subsidiary of United Energy Group Ltd, is an oil and gas company that carries out exploration, appraisal, development and production of hydrocarbons. The company operates wide range of oil and gas assets in the Middle East and North Africa (MENA) region. It has assets across Egypt, Yemen and Iraq. Kuwait Energy produces oil from East Ras Qattara (ERQ), Burg El Arab (BEA), Abu Sennan and Area A in Egypt; Block 9 and Siba in Iraq. The company also provides technical expertise, advice and assistance to oil and gas companies, and local governments. Kuwait Energy is headquartered in Salmiya, Hawalli, Kuwait.

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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