Oil and Gas Fields: Badra

ScreenHunter_1238 Nov. 23 17.42By Patrick Schmidt.

Name: Badra

Controlled by: Ministry of Oil (Baghdad).

Location: Wassit province in eastern Iraq, 160 km southeast of Baghdad city, and extending across the border into Iran, where it is known as the Changoleh oil field.

Discovery: 1979.

Reserves: 3 billion barrels of oil.

Size: 16 km long and 6 km wide in the current Contract Area.

Quality:  Basrah Light.

Developed by: Gazprom (30%), KOGAS (22.5%), Petronas (15%), TPAO (7.5%), Iraqi state-owned Oil Exploration Company (25%).

Contract granted: Second licensing round (2009).

Contract duration: 20 years, with an optional 5-year extension.

Remuneration: $5.50 per barrel of oil above 15,000 bpd

Production started:  September 2014, at 15,000 barrels of oil per day.

Plateau production target:  170,000 barrels of oil by 2017.

Other companies involved in the development: Stirling Group, Bristol Vehicle Manufacturing Division (Bristol VMD), Zhongman Petroleum and Natural Gas Group Co. Ltd (ZPEC), Petrofac, Samsung, Halliburton, Expro, Alderley, ALE, Proclad Group.

For latest news on the project please click here.

A full list of oil and gas fields controlled by the Ministry of Oil in Baghdad can be found here.