Oil and Gas Fields: West Qurna 1

ScreenHunter_1727 May. 11 17.13Name: West Qurna 1

Controlled by: Ministry of Oil (Baghdad).

Location: 50 km northwest of the city of Basra

Discovery: 1973

Reserves:  8.7 billion barrels of oil

Developed by: ExxonMobil (25%), PetroChina (25%), Shell (15%), Pertamina (10%), Oil Exploration Company (25%)

ExxonMobil originally had a 60% stake in the field, but sold 25% to PetroChina and 10% to Pertamina in November 2013, leaving it with a 25% stake.

Contract granted: 2009

Contract duration: 20 years.

Remuneration: $1.90 per barrel of oil

Plateau production target: 2.825 million bpd.

Other companies involved in the development: Halliburton, Kentz, SNC Lavalin, Enka,

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.

West Qurna 1 production