West Qurna-2 is a producing conventional oil field located onshore Iraq and is operated by LUKOIL Mid-East. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block West Qurna-2 Contract Area. Buy the profile here.
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An expansion project is associated with the West Qurna-2, namely the West Qurna-2 Enhanced Redevelopment. This project is currently in the construction stage, expected to start in 2025.
Field participation details
The field is owned by Lukoil Oil, Ministry of Oil and Iraq.
Production from West Qurna-2
The West Qurna-2 conventional oil field recovered 18.29% of its total recoverable reserves, with peak production expected in 2030. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 8% of the country’s daily output.
Contractors involved in the West Qurna-2 conventional oil field
Some of the key contractors involved in the West Qurna-2 project as follows.
Main EPC: SICIM, 77 Insaat Ve Taahhut and Qimat Al Iqtidar Engineering
EPC Contractors: Hyundai Engineering & Construction, China Oil HBP Science & Technology and Cannon Artes
Other Contractors: China National Petroleum, AtkinsRealis Group, Amarinth, Enereco and China Petroleum Engineering
About LUKOIL Mid-East
LUKOIL Mid-East Ltd, a subsidiary of Lukoil Oil Co, involves managing oil and gas exploration and production projects by utilizing innovative technologies and advanced equipment. The company is headquartered in Al Basrah, Iraq.
For more details on the West Qurna-2 Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
