Iraq News - Local News - Baghdadpost

Russia's Gazprom Neft boosts oil output capacity in Kurdistan

Kurdistan Region oil production

Russian oil producer Gazprom Neft has increased the production capacity of its Sarqala field in Iraqi Kurdistan by 25 percent by launching a third production well, the company said on Thursday.

The cumulative daily oil production at the field has reached 35,000 barrels.
Gazprom Neft plans to produce 1.2 million tonnes at Sarqala in 2019, of which its share will reach more than 0.5 million tonnes.

Gazprom Neft participates in two projects in Iraqi Kurdistan, at the Shakal and Garmian blocks. Garmian includes the Sarqala field.

Gazprom Neft has 40 percent in the Garmian block, the Kurdistan government owns 20 percent, and Canada's WesternZagros has 40 percent.

Last year the company said it was in talks with Repsol about joint projects controlled by the Spanish oil major in Iraqi Kurdistan.