Insight
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.
Table of contents
- 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
-
Commercial
Tables and charts
This report includes 7 images and tables including:
- 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)
- Central processing facilities
- Oil production scenarios for the southern TSCs
What's included
This report contains:
Other reports you may be interested in
Asset Report
Taq Taq
Taq Taq is an oil field located in the Kurdistan Region of Iraq, around 55 kilometres to the northeast of Kirkuk.
$4,400
Insight
More running room in Lower 48 efficiencies?
Leaner and faster operations have pushed US liquids production to new highs, all while keeping spending in check.
$1,350
Asset Report
Saudi Arabia other fields (sub-commercial)
This analysis lists the discoveries in Saudi Arabia that have yet to be developed.
$3,100