Asset report

West Qurna 2

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Report summary

The entire West Qurna/Rumaila structure located in the Basra province is one of the largest oil fields in the world second only to Saudi Arabia's Ghawar field. The northern section West Qurna Two remained undeveloped until LUKOIL and Statoil were awarded a Technical Service contract (TSC) in 2010. Statoil exited the project in 2012 with LUKOIL taking over its interest. The field was brought onstream in March 2014 and reached its initial target of 3 months production at 120 000 b/d in June 2014.

What's included

This report contains

  • Document

    West Qurna 2

    PDF 6.66 MB

  • Document

    West Qurna 2

    XLS 808.50 KB

  • Document

    West Qurna 2

    ZIP 7.34 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
  • Sales contracts
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 32 images and tables including:

Images

  • Index Map
  • Detail Map
  • West Qurna Phase 2
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities

Tables

  • Key facts: Table 1
  • Well data: Table 1
  • Infrastructure: Table 1
  • Participation: Table 1
  • Geology: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Economic analysis: Table 5
  • Economic analysis: Table 6

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