Gazprom Neft has started exploration drilling at the field in Iraq

The Russian "Gazprom Neft" has started drilling the first appraisal well on the field, "Badr" in Iraq. Complete drilling depth 4,9 thousand meters is planned in April 2012.


The second appraisal well on the "Badr" be drilled before the end of the year, and in June of next year is expected to begin drilling a deep exploration well (by 6.2 thousand meters). As a result of drilling plan will be developed the most efficient development of the field.

A consortium led by "Gazprom oil" has won the right to develop the deposit "Badr" in 2009 on the basis of one of the auctions held by the Iraqi authorities. The contract with the Government of Iraq was signed in January 2010. The consortium includes the addition of the Russian Korean Kogas, Malaysia’s Petronas and Turkish TPAO. Iraqi authorities in the project owns 25 percent.

According to preliminary data, the reserves, "Badr", located to the east of Iraq, are three billion barrels of oil. It is expected that oil production in the area will begin in 2013, and by 2017 the volume of production will reach 170,000 barrels per day.

In late October, exploratory drilling in Iraq began as Russia’s largest private oil company "Lukoil". She started drilling wells in the field "West Qurna-2", a tender for the development of which won the second in 2009.

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