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8 Pages

10 reasons why Iraq's oil production growth has under-performed


10 reasons why Iraq's oil production growth has under-performed

Report summary

Remember Iraq's 12 million b/d oil production target? In 2009, to much fanfare, Iraq opened up its giant and super-giant fields to international investment. It attracted competitive bids from many of the world’s most capable operators. Iraq undoubtedly has the large-scale low-cost oil resources in its southern fields to underpin production of over 10 million b/d. But the harsh technical service contract terms, and a myriad of technical, political and security factors have all conspired to subdue growth.

What's included?

This report includes 2 file(s)

  • 10 reasons why Iraq's oil production growth has under-performed PDF - 372.71 KB 8 Pages, 2 Tables, 5 Figures
  • 10 reasons why Iraqs oil production growth has under performed.xlsx XLSX - 143.19 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive summary
  • Southern Iraq oil production growth
  • Constraints on oil production growth
    • Commercial
      • 1. Technical service contract
      • 2. Crude oil marketing
    • Technical
      • 3. Oil transportation
      • 4. Water supply for reservoir injection
      • 5. Field processing facilities
      • 6. Rigs and drilling
      • 7. Gas utilisation
    • Political and Security
      • 8. Bureaucracy
      • 9. OPEC
      • 10. Security/IS militants
      • The next phase of production growth

In this report there are 7 tables or charts, including:

  • Executive summary
  • Southern Iraq oil production growth
    • Plateau production target for Iraq's southern TSCs
    • Oil production by southern TSC
    • 2017 oil production for Iraq's southern TSCs
    • 2017 incremental production
    • 2017 progress to plateau production target (PPT)
  • Constraints on oil production growth
    • Central processing facilities
    • Oil production scenarios for the southern TSCs
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