Asset Report
West Qurna 2
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The West Qurna/Rumaila structure, located in Basra province, is one of the largest oil fields in the world, second only to Saudi Arabia's Ghawar field. West Qurna's development has been split into two parts: ExxonMobil-operated West Qurna 1, which is the area south of the Euphrates; and West Qurna 2, the area to the north.Iraq tendered a technical service contract (TSC) to develop West Qurna 2 in December 2009 through the Oil Ministry's second petroleum licensing round. The ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Issues common to the southern oil developments
- Issues specific to West Qurna 2
- Location maps
-
Participation
- Technical Service Contract
- 1997 PSC
-
Geology
- Mishrif formation
- Yamama formation
- Sadi formation
- Zubair formation
- Ratawi formation
- Najmah formation
- Well data
- Exploration
-
Reserves and resources
- Oil
- Gas
- Condensate and LPG
-
Production
- Oil
- Gas
-
Development
- Key development metrics
- Pre-2010
- TSC development plan
-
Phase one (Mishrif early oil)
- Wells
- Processing facilities
- Water Injection
- Infrastructure
- Supplier information
- Flaring
-
Phase two (Mishrif expansion)
- Wells
- Water Injection
- Processing facilities
-
Phase two (Yamama expansion)
- Wells
- Processing facilities
- Infrastructure
- Supplier information
- Infrastructure
-
Costs
- Capital costs
- Operating costs
-
Sales contracts
-
Crude oil
- Basrah Light
- Basrah Heavy
- Basrah Medium
- Sales Gas
-
Crude oil
-
Fiscal and regulatory
- Signature bonus
- Training fee
- Service fees
- Cost oil
- Remuneration fees
- Performance factor
- Corporation tax
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- LPG Price
- Global Economic Model (GEM) file
-
Economic analysis
-
Cash flow
- West Qurna 2-Mishrif Cash Flow
- West Qurna 2-YamamaCash Flow
- Indicative valuations
-
Cash flow
Tables and charts
This report includes 33 images and tables including:
- Key facts: Table 1
- Index map
- Detail map
- Well data: Table 1
- Infrastructure: Table 1
- Participation: Table 1
- Geology: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- West Qurna 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Economic analysis: Table 9
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2025
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2025)
- Economic analysis: Table 4
- Remaining PV Price Sensitivities
- Economic analysis: Table 5
- Economic analysis: Table 6
- Economic analysis: Table 7
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2025
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2025)
- Economic analysis: Table 8
- Remaining PV Price Sensitivities
What's included
This report contains:
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