September 9, 2013

Petronas' Garraf Oil Field Achieves First Oil Production

Petronas' upstream operations arm in Iraq, Petronas Carigali Iraq Holding B.V., had on Aug 31 achieved its First Oil from the Garraf oil field located in Iraq's Thi Qar Province.

Petronas Carigali Iraq is the operator of the Garraf oil field. Its partners are Japan Petroleum Exploration Co Ltd and North Oil Company, an Iraqi state-owned company.

"As one of the largest investors in Iraq, Petronas will continue with our planned development efforts and activities. The Garraf project provides the opportunity to develop our capabilities and expertise in the Middle Eastern region.

"The operating environment is challenging and the success of first oil at the Garraf oil field helps cement Petronas' reputation in the industry as an experienced and capable operator," Petronas Carigali Iraq Country Manager Ikhlas Abdul Rahman said in a statement on Friday.

Production from the Garraf oil field has started at the rate of 35,000 barrels of oil per day (bpd) and is expected to reach 230,000 bpd in 2017.

To date, 11 wells, consisting of two appraisal and nine development wells, have been drilled and the necessary main surface facilities and pipelines have been constructed to cater for the initial production rate.

Apart from the Garraf oil field, Petronas Carigali also has interests in Iraq's Halfaya oil field, operated by PetroChina and which started production in the middle of 2012, as well as the Majnoon and Badra oil fields.

Source: Bernama