Gulf Oil and Gas accountACCOUNT

Kuwait Energy Starts Producing Natural Gas from Field in Southern Iraq

Source: Reuters 4/25/2018, Location: Middle East

Share |
Kuwait Energy PLC started producing natural gas from Siba, the first gas field to be brought on stream in the south of Iraq, an Iraqi oil executive told Reuters.

Siba began producing gas at an initial rate of 25 million cubic feet a day (mcf/d), which should rise gradually to 100 mcf/d by the end of the year, said Kareem Abd Oda, the director general of the joint venture established by Iraq and Kuwait Energy to develop the field.

Siba, south of the city of Basra, is producing natural gas and gas condensates, he added.

The other hydrocarbon reservoirs of southern Iraq that are already in operation produce natural gas alongside crude oil.

The gas extracted in several of these fields is burnt off instead of being captured, as the country lacks the capacity to process it into fuel for local consumption or exports.

The semi-autonomous Kurdistan Regional Government has started producing natural gas from fields in northern Iraq.

Iraq hopes by 2021 to end gas flaring, which costs nearly $2.5 billion in lost revenue for the government and would be sufficient to meet most of its unmet needs for gas-based power generation, according to the World Bank.

Iraq holds on Thursday an auction of oil and gas exploration contracts in 11 blocks alongside the border with Iran and Kuwait and in offshore Gulf waters. The new contracts set a time limit for companies to end gas flaring from oilfields they develop.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

Companies including BP, Exxon Mobil, Eni, Total, Royal Dutch Shell and Lukoil helped Iraq expand production in the past decade by more than 2.5 million barrels per day (bpd) to about 4.7 million bpd.

Iraq’s crude exports from its southern region on the Gulf have averaged 3.5 million bpd so far in April, two oil executives told Reuters.

That is higher than the March average of 3.45 million bpd.

Production News in Iraq >>

Brazil >>  5/16/2018 - Petroleo Brasileiro S.A. – Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 millio...
Iran >>  5/15/2018 - The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar ...

Russia >>  5/14/2018 - Site preparation and pre-development for a future diesel fuels hydrotreating facility has been started at the Gazprom Neft Omsk Refinery. The new comp...
Libya >>  5/13/2018 - Libya’s offshore Bahr al-Salam gas field has resumed operations with production of 380 million cubic feet per day, state firm NOC said after completin...

Egypt >>  5/10/2018 - Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producin...
Angola >>  5/9/2018 - Eni has completed the ramp-up of the Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 barrels/day (b/d) less than ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

Oil & Gas Projects in Iraq >>

More News

 

Oil & Gas Companies in Iraq >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.