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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.
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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
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | May 2017
10 reasons why Iraq's oil production growth has under-performed
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