It is approximately 120 km west of Basra and covers an area of around 5,500 km2.
Name: Block 10
Controlled by: Ministry of Oil (Baghdad).
Location: The block lies in Muthanna and Dhi Qar, approximately 10 km southwest of Nasriya city.
The block is located on the border between the hydrocarbon rich Mesopotamia tectonic zone and the largely unexplored Salman zone. It includes the Eridu oil field.
Developed by: Lukoil (60%), Inpex (40%)
Contract granted: Fourth licensing round (2012)
Remuneration: $5.99 per barrel of oil
According to information presented by Inpex in February 2023:
The initial Exploration, Development and Production Service Contract (EDPSC) specified an Exploration Period of 9 years (Until December 2, 2021); this was extended by 4 years for further exploration and appraisal works to be conducted.
The Development and Production Period is 20 years. The current service contract provides the option to extend the Development and Production Periods by 5 years.
Oil deposits were discovered through the first exploratory drilling conducted in February 2017. Thereafter, the extent of the deposits was confirmed by appraisal wells drilled in 2017.
As the deposits most likely extend beyond the Contract Area, an extension application for the Contract Area was submitted and approved in November 2017.
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.