Az Zubair Field

Az Zubair Field
Location of Az Zubair Field
Country Iraq
Offshore/onshore onshore
Coordinates
Partners South Oil Company
Missan Oil Company
Service contractor(s) Eni
Occidental Petroleum Corporation
Korea Gas Corporation
Field history
Discovery 1949
Production
Current production of oil 195,000 barrels per day (~9.72×10^6 t/a)
Estimated oil in place 4,500 million barrels (~6.1×10^8 t)
Producing formations Upper Cretaceous Mishrif formation; Lower Cretaceous Zubair formation

The Az Zubair Field, also known as Az-Zubayr, is an oil field located in southern Iraq, west of Basrah. It is one of the largest fields in the world and was discovered in 1949. It has 4.5 billion barrels (~6.1×10^8 t) of proven reserves and currently produces 195 thousand barrels per day (31.0×10^3 m3/d) but in the next years, under the field's expansion programme, production is expected to reach a plateau level of 1.125 million barrels per day (178.9×10^3 m3/d).[1]

The development contract has been awarded to a consortium led by Eni (32.81%) with Occidental Petroleum Corporation (23.44%), Korea Gas Corporation (18.75%) and Iraq's state-run Missan Oil Company (25%).[2]

References

  1. ^ "Eni Consortium to Redevelop Zubair Field in Iraq". RIGZONE. 2010-01-22. http://www.rigzone.com/news/article.asp?a_id=86237. Retrieved 2010-01-24. 
  2. ^ "Eni, Occidental Petroleum and KOGAS sign the technical service contract with Iraq's South Oil Company and Missan Oil Company to redevelop Zubair field" (Press release). Eni. 2010-01-22. http://www.eni.com/en_IT/media/press-releases/2010/01/2010-01-22-eni-occidental-petroleum-KOGAS.shtml?menu2=media-archive&menu3=press-releases. Retrieved 2010-01-24.