Production at Al-Ahdab reaches 60,000 bpd

The governor of Iraq's Wasit [Wassit] province, Mahdy al-Zubaidy, has announced that production at the al-Ahdab oilfield has reached 60,000 barrels per day (bpd).

According to a report from Bloomberg, he went on to say that the field’s output capacity will increase to 120,000 bpd by the end of the year, while Oil Minister Abdul Kareem al-Luaibi [Elaibi] told reporters to expect 200,000 bpd by the middle of next year.

In November 2008, the state-run China National Petroleum Corp. (CNPC) won a $3.5 billion contract to develop al-Ahdab. Iraqi officials estimate Al-Ahdab contains about 1 billion barrels of oil.

(Source: Bloomberg)

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