West Qurna-2 is a producing conventional oil field located onshore Iraq and is operated by LUKOIL Mid-East. The field is located in block West Qurna-2 Contract Area.
Two expansion projects are associated with the West Qurna-2 conventional oil field, namely West Qurna-2 Enhanced Redevelopment and West Qurna-2 Rehabilitation. The expansion projects are currently in the approval and commissioning stage, targeting start-up during 2022 – 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 14.18% of its total recoverable reserves, with peak production expected in 2037. The peak production will approximately 800 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 6,399.29 Mmboe, comprised of 6,399.29 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
EPC Contractors: China Oil HBP Science & Technology and Hyundai Motor Group
Other Contractors: China National Petroleum, China Petroleum Engineering, Enereco, SNC-Lavalin Group and Zhongman Petroleum and Natural Gas Group
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.