ExxonMobil Hits Target at West Qurna

As predicted, ExxonMobil and its Iraqi partners have reached “a major milestone” for oil production at the West Qurna oil field in southern Iraq, according to a report from UPI.

ExxonMobil announced field production at West Qurna-1 rose from 244,000 barrels of oil per day to 285,000 bpd under the terms of its technical services contract.

Dheyaa Jaafar, director general of Iraq’s South Oil Company, praised the teamwork of all involved in achieving this important goal.

ExxonMobil said it could eventually produce around 2.8 million barrels of oil per day from the field.

Iraqi Oil Minister Abdul Kareem al-Luaibi [Elaibi] announced a plan last week to increase crude production in Iraq from 2.6 million barrels per day to nearly 6.5 million bpd by the end of 2014.

Some analysts have said that Iraq may lack the infrastructure to meet Luaibi’s objectives.

(Source: UPI)

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