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Iraqi Capacity Expansion Relative To World Oil Market Trends
...mber of IOCs, Iraq’s production capacity is set to reach a production plateau of over 11mn b/d by the year 2017, mainly from the development of the ‘supergiant’ oilfields of Rumaila and West Qurna-1, together with Zubair; and also from the subsequent (second) round of negotiations for the development of...
Volume: 52Issue: 51/52Published at Mon, 28 Dec 2009 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...fer for the West Qurna 1 project (southern half of the West Qurna field) combined a Remuneration Fee per Barrel (RFB) of $1.90/B with a seven-year plateau production rate of 2.325mn b/d to be reached by 2017. Capital and operating costs were set at $25bn each over the life of the TSC (20 years ex...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
...oduction increments would come from the improved production rates in the producing field and the first commercial production in the green fields in 2011 and considerable capacity additions would be achieved by 2013. However, by 2016 and 2017 all fields will be hitting their production plateau target. The th...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009