Oil and Gas Fields: Zubair

ScreenHunter_1742 May. 13 16.27Name: Zubair

Controlled by: Ministry of Oil (Baghdad).

Location:  20 km south-west of the city of Basra.

Discovery:  1949

Reserves:   4 billion barrels of oil

Developed byEni (32.81%), Kogas (18.75%), Maysan Oil Company (25%), South Oil Company (23.44%).

Occidental had a 23.44 percent share in the field, but relinquished it to the state-owned South Oil Company in October 2016.

Contract granted: 2010

Contract duration:  20 years, later extended to 25 years (ending in 2035).

Remuneration: $2.00 per barrel of oil in excess of 220,000 bpd

Plateau production target:  1.125 million bpd by 2017, later lowered to 850,000 bpd.

Other companies involved in the development:  Weatherford, Daewoo, Samsung, Petrojet, John Crane (Smiths Group), Amarinth, ALE.

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.

Zubair production