By John Lee.
Japan Petroleum Exploration (Japex) and its partners have delayed the start of production in the Gharraf [Garraf] oil field by six months, according to Bloomberg.
Production was scheduled for the end of 2012, but will now be postponed until the end of June; a company official blamed the delay on problems with Iraq’s infrastructure.
Japex President, Osamu Watanabe (pictured), said he expects initial production of 60,000 barrels a day, rising to 230,000 bpd in 2017.
Malaysia’s state oil firm Petronas holds 45 percent of the oilfield development and production service project, Japex 30 percent, and Iraq’s North Oil Company (NOC) 25 percent.
The company previously had a plan to start operations by September of last year, and were urged last summer by Iraqi Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani to speed up progress on the project.