Badra Production has Started With 15000 bpd

Source: www.gulfoilandgas.com 8/31/2014, Location: Middle East

The ministry of oil celebrated in August 30th for the initial production of Badra oil field with the production capacity of 15 thousand barrels/ day in Wasit province and the celebration was presented by Dr. Hussain Al- Shahristani the deputy prime minister for energy and Mr. Abdulkareem Liaybi the minister of oil.

Dr. Shahristani called the Russian company (the investor company of the field) to speed up to invest the surplus gas instead of burning it, and ensured that the quality of the Ahdab oil raise the demand for it. He said also that the Badra project is a good significant addition to the oil fields that was invested in the licensing rounds of the ministry.

Dr. Shahristani ensured that the company invested more than 2 billion dollars in the project until the completion in-spite of the complications because the drilling was deeper than what was planned for & higher costs, which was the reason for the high production cost.

Mr. Liaybi ensured in his speech that the field has started the initial commercial pumping with a capacity of 15 thousand barrels/ day and the capacity is able to reach 60 thousand barrels/ day until the achievement of 170 thousand barrels in 2017. He said also that the oil of Badra is a lite oil which makes it special and globally demanded.

Mr. Liaybi said that the work in the field was complicated because the land of the field was a war zone in the past and most of it was full of land mines, but the company could solve the problem and removed more than 22 thousand pieces of the war garbage, and that was the reason to the project. He said also that the field will supply the Zubaidiya power station with gas for its operation.

Mr. Yuri Cintron the Russian deputy minister for energy said in his speech "the project ensured more than 3000 work opportunities for the Iraqi people and the company is keeping on giving the civil helps to the local residents, which is a part of its commitment.

Mr. Mahmood Abdulriza Mullah Talal the Governor of Wasit, praised in his speech during the celebration, the efforts of the ministry to develop the oil fields in the province and the achievement of Badra field in addition to Ahdab field will be reflected positively on the residents of the province.

Mr. Assim Jihad the spokesman of the ministry ensured in his speech that the field is an associated border between Iraq & Iran and located on the Iraqi- Iranian Border, and it is a discovered undeveloped field and was awarded in the second licensing round to the consortium of oil companies leaded by Gazprom Russian Company. He said also that the production from Badra will raise the outcomes of the production.

Mr. Jihad said also that, the investment of Badra will offer more work opportunities for the people of Wasit in addition to other benefits like the investment of the associated gas which will be supplied to Zubaidiya power station to supply the electric power to the residents of the province in addition to the construction of public & service places for the local and nearby residents.

It is worthy to mention hat, Badra is the second invested field in Wasit after the development of Ahdab field.


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