Oil and Gas Fields: Halfaya

ScreenHunter_1468 Feb. 12 17.44Name: Halfaya

Controlled by: Ministry of Oil (Baghdad).

Location: Maysan governorate in the south-east of Iraq, 35 kilometres south-east of Amarah city

Discovery: 1976

Reserves: 4.1 billion barrels of oil

Size: 35 km long and 10 km wide

Developed by: CNPC (37.5%), Total (18.75%), Petronas (18.75%), South Oil Company (25%).

Contract granted: Second licensing round (2009).

Contract duration: 20 years, later extended to 30 years.

Remuneration: $1.40 per barrel of oil

Plateau production target:  Originally 535,000 bpd for 20 years, later revised to 400,000 bpd for 30 years.

Other companies involved in the development:  Bohai, Daiken, Baker Hughes (GE), CPECC

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.