Iraq's South Oil Company said on Tuesday that productivity at the West Qurna-1 oil field increased to 300,000 barrels per day, and stressed that the productivity of the field will rise at the end of the current year to 400,000 barrels per day.
ExxonMobil, which along with Shell has the contract to develop West Qurna I, said that it intends to drill 20 new oil wells during the upcoming period.
"South Oil Company and ExxonMobil and its partners are celebrating realizing the primary production target as to West Qurna 1 oil field after signing its development contract which is raising the field’s productivity from 200,000 barrels to 300,000 barrels," South Oil Company Manager Diaa Jaafar al-Moussawi said on the sidelines of a celebration organized for the occasion of raising the oil field productivity.
He noted that the local government of Basra showed cooperation with the South Oil Company and with the other investment companies in Basra.
The celebration was attended by senior local officials and heads of investment companies in Basra.
(Source: Aswat al-Iraq)