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November 25, 2021updated 26 Nov 2021 5:47am

West Qurna-2 Conventional Oil Field, Iraq

By Carmen

West Qurna-2 is a producing conventional oil field located onshore Iraq and is operated by LUKOIL Overseas Iraq Exploration. 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 Rehabilitation and West Qurna-2 Enhanced Redevelopment. The expansion projects are currently in the commissioning and construction stage, targeting start-up during 2022 – 2025.

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 11.62% of its total recoverable reserves, with peak production expected in 2027. 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 2076. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 6,947.25 Mmboe, comprised of 6,947.25 Mmbbl of crude oil & condensate. West Qurna-2 conventional oil field reserves accounts 1.43% 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

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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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