Lukoil Looks At Kirkuk Development
Russia’s Lukoil is studying a major development at Iraq’s key northern Kirkuk field, a source tells MEES. Production at Kirkuk, the workhorse of northern Iraq production, has slipped worryingly in recent years. From a 2007-08 high of 400,000 b/d, it fell to 300,000 b/d by May 2011, and now is thought to have dipped below 250,000 b/d.
The falls alerted state-owned NOC of the necessity to bring in outside expertise....