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Gazprom Announces Project Production Numbers for Kurdistan and Iraq Holdings in 2015 Management Report

Gazprom recently released its operational management report indicating their various projects in production stage, including Iraq:

Gazprom recently released its operational management report indicating their various projects in production stage, including Iraq: 

"In addition, as of December 31, 2015, entities where Gazprom has investments classified as joint operations developed 41 fields in Russia. In addition, Gazprom Group holds shares in a number of oil and gas projects abroad that have entered a production phase." 

1. Blocks 05-2 and 05-3 in Vietnam’s part of the South China Sea (49% held by Gazprom Group) produced 1,883.7 mmcm of gas and 435.9 thousand tons of gas condensate in 2015 (as compared to 1,786.2 mmcm and 366.4 thousand tons, respectively, in 2014).

2. The Wingate offshore field in the North Sea (20% financed by Gazprom Group) produced 877.0 mmcm of gas and 5.3 thousand tons of gas condensate in 2015 (as compared to 622.4 mmcm and 4.4 thousand tons, respectively, in 2014).

3.The Shakhpakhty field in Uzbekistan (5% held by Gazprom Group) yielded a total of 357.4 mmcm of natural gas in 2015 vs. 334.0 mmcm in 2014.

4.  The Junin-6 project in Venezuela (20% held by Gazprom Neft Group in the Russian segment of the project managed by OOO National Oil Consortium) yielded a total of 0.5 million tons of oil in 2015. Follow-up exploration is underway, with a full-scale development programme currently designed. The consortium continues to carry out the Early Production project.

5.The Badrah field in Iraq (30% held by Gazprom Neft Group). In 2015 production was 1.4 million tons of oil, a level sufficient for the project to pay back.

6. The Garmian block in Iraq (Kurdistan) (40% held by Gazprom Neft Group). In 2015 oil production was a total of 219.0 thousand tons. In Libya, Wintershall AG, an affiliated company, produced.

Source: Gazprom

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