Tag Archives | Nahr Bin Umar

Exxon’s $53bn Iraq deal “in Difficulty”

By John Lee. ExxonMobil‘s giant oil project in southern Iraq is reportedly on hold. According to Reuters, a combination of contractual difficulties and security concerns is delaying agreement on the $53-billion Southern Iraq Integrated Project, which includes the construction of a water treatment plant needed to boost oil production. The deal would have seen Exxon […]

Protests at Nahr Bin Omar Oilfield

By John Lee. Police on Sunday have reportedly used tear gas to disperse around 150 protesters at the main entrance to the Nahr Bin Omar oilfield in Basra. According to Reuters, officials said operations were running normally, with production at about 44,000 bpd. The field is operated by the state-run Basra Oil Company (BOC). (Source: […]

US Firm to Harvest Flare Gas at Nahr Bin Umar

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has announced an agreement with an American company to invest in the flare gas associated with the Nahr Bin Umar oil field in Basra governorate. The Ministry names the company as “Oren”, but Iraq Oil Report identifies it as the Houston-based Orion Gas Processors. A […]

Iraq to pay $2bn in Arrears to Foreign Companies

By John Lee. Shafaaq reports that Iraq will pay foreign oil companies about $2 billion in remaining arrears for 2015 in April. The arrears were accumulated to international oil companies (IOCs) such as BP, Shell , ExxonMobil, Eni and Lukoil, which operate in under service contracts, whereby they are paid a fixed dollar fee for […]

New Quarterly Production Targets for Basra’s Oilfields

Iraq’s South Oil Company, working with the IOCs, has set quarterly production targets for the country’s southern oilfields for 2011, according to documents obtained by Reuters. Production is targeted reach an average of nearly 2.3m bpd by Q4 2011. Oilfields Q1 Q2 Q3 Q4 Rumaila 1,175,000 1,201,000 1,226,000 1,250,000 West Qurna 1 260,000 270,000 285,000 […]