Country Report
Iraq upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Federal Iraq Iraq is the world's fourth biggest oil producer with a capacity of around 5 million b/d. Production capacity grew from 2.4 million b/d in 2010 to 5 million b/d in 2019, underpinned by IOC-led development at the giant and super-giant southern oil fields (Rumaila, West Qurna 1, West Qurna 2, Zubair and Halfaya). Iraq has an abundance of low-cost oil. Its 150 billion barrels of oil resources offer production longevity, making the country a key long-term supplier to the global ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Federal Iraq
- Kurdistan
-
Geology
- Introduction
- Major petroleum plays
- Southeast Turkey Foldbelt
- Zagros Foldbelt
- Widyan
-
Exploration
- Licensing
- Federal Iraq
- First Petroleum Licensing Round (June 2009)
- Second Petroleum Licensing Round (December 2009)
- Contract renegotiations (Rounds 1 and 2)
- Third Petroleum Licensing Round (October 2010)
- Fourth Petroleum Licensing Round (May 2012)
- Fifth Petroleum Licensing Round (April 2018)
- Fifth Plus Petroleum Licensing Round (May 2023)
- Sixth Petroleum Licensing Round (June 2023)
- Future Licensing Rounds
- Kurdistan
-
Drilling
- Drilling activity
- Success rates
-
Reserves and resources
- Oil reserves and resources
- Gas reserves and resources
-
Production
-
Liquids
- Recent production
- Southern Iraq
- Northern (Federal) Iraq
- Kurdistan
- Future
- Historical
-
Gas
- Federal Iraq
- Kurdistan
- Historical
-
Liquids
-
Infrastructure
- Introduction
-
Oil infrastructure
- Key pipelines
-
The southern network
- Offshore terminals
-
The northern network
- Oil refineries
- Gas infrastructure
-
Gas processing plants
- Operational
- Under-construction or planned
- Proposed or speculative
- Northern gas system and Kurdistan gas network
- Southern gas system
- Basrah Gas Company
- Other gas infrastructure
- Iranian Gas Imports
- Turkmen Gas Imports
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Policy and regulation
-
Key legislation
- Political framework
- Petroleum Legislation
- Regulatory body
- State oil company
- State participation
- Position in OPEC
-
Key legislation
-
Fiscal terms
- Overview
- Current fiscal terms
-
Hybrid service contract (Federal Iraq)
- Signature bonus
- Training fee
- Royalty
- Payment
- Petroleum costs
- Remuneration
- Performance factor
- Crude Oil Pricing
- Gas pricing
- Taxable income
-
Production Sharing Contract (Kurdistan)
- Signature Bonus
- Royalty
- Cost Recovery
- Profit Oil and Gas
- Crude Oil Pricing
- Taxable income
- Area rentals
- Training fees
- Other fees
- Bonus payments
- Capacity Building Payments
-
Carried costs
- PSC Sample Cash Flow
- Historical background
-
Technical Service Contract (Federal Iraq)
- Signature bonus
- Training fee
- Service fees
- Cost recovery
- Remuneration fees
- Performance factor
- Gas remuneration
- Taxable income
- TSC Sample Cash Flow
Tables and charts
This report includes 54 images and tables including:
- Liquids Production by Sector
- Key facts: Table 1
- Location maps: Image 1
- Oil, Other Liquids and Gas Reserves
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Geological Basin Map of Iraq
- Southeast Turkey Foldbelt Stratigraphy
- Zagros Foldbelt Stratigraphy
- Widyan Stratigraphy
- Exploration: Table 1
- State oil company map
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Exploration: Table 5
- Exploration: Table 6
- Fourth bid round awarded contract areas
- Exploration: Table 7
- Fifth bid round awarded contract areas
- Exploration: Table 8
- Fifth Plus bid round block areas
- Exploration: Table 9
- Sixth bid round block areas
- Kurdistan licensed blocks
- Blocks Awarded by Region
- Reserves and resources: Table 3
- Commercial Oil Reserves by Sector
- Commercial Gas Reserves by Sector
- Oil infrastructure
- Southern oil infrastructure
- Northern oil infrastructure
- Gas Processing Plants
- Gas Fired Power Stations
- Drilling Activity by Well Type
- Drilling Activity and Commercial Success Rates
- Geological and Commercial Success Rates
- Liquids Production by Sector
- Production: Table 1
- Production: Table 2
- Gas Production by Sector
- Production: Table 3
- Production: Table 4
- Infrastructure: Table 1
- Infrastructure: Table 2
- Capital Expenditure by Region (US$ Million)
- Operating Expenditure by Region (US$ Million)
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
What's included
This report contains:
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