Oil and Gas Fields: Akkas

Name: Akkas, also known as Salah Al Dine

Controlled by: Ministry of Oil (Baghdad).

Location: Anbar province, 30 km south of Al Qaim city on the Syrian border

Discovery: 1992

Reserves: Estimated Gas in Place 5.6 tcf

Size: 30km long and 12km wide

Developed by: Kogas (75%), North Oil Company (25%).  Originally awarded to a consortium of Kogas and KazMunaiGas (KMG), but KMG pulled out, leaving Kogas as sole investor and operator on new contract terms. Kogas is believed to be planning to sell 49% of its interest in the field.

Contract granted: Third licensing round (October 2011).

Remuneration: $5.50 for each boe produced

Plateau production target:  400 MMscf per day within seven years and holding that output for 13 years

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.