By Patrick Schmidt.
Name: Badra
Controlled by: Ministry of Oil (Baghdad).
Location: Wassit province in eastern Iraq, 160 km southeast of Baghdad city, and extending across the border into Iran, where it is known as the Changoleh oil field.
Discovery: 1979.
Reserves: 3 billion barrels of oil.
Size: 16 km long and 6 km wide in the current Contract Area.
Quality: Basrah Light.
Developed by: Gazprom (30%), KOGAS (22.5%), Petronas (15%), TPAO (7.5%), Iraqi state-owned Oil Exploration Company (25%). (As of January 2023, the Kogas website says that the company holds a 23.75% stake.)
Contract granted: Second licensing round (2009).
Contract duration: 20 years, with an optional 5-year extension.
Remuneration: $5.50 per barrel of oil above 15,000 bpd
Production started: September 2014, at 15,000 barrels of oil per day.
Plateau production target: Initially planned as 170,000 barrels of oil by 2017; revised down in January 2018 to 85,000 bpd.
Other companies involved in the development: Stirling Group, Bristol Vehicle Manufacturing Division (Bristol VMD), Zhongman Petroleum and Natural Gas Group Co. Ltd (ZPEC), Petrofac, Samsung, Halliburton, Expro, Alderley, ALE, Proclad Group.
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.