Russian oil producer Gazprom Neft have provided a production update on their operations at the Garmian block in the Kurdistan region of Iraq, with total daily production rising 25% to 35,000 barrels per day (bpd).
The increase, which has now seen the company produce their two millionth ton of oil since commercial production began in 2015, is following the successful commissioning of a third producing well at the Sarqala field within the oil block.
The field has also undergone a number of infrastructure developments to support production increases, these include two new 17,000 barrel capacity reservoirs and the reconstruction of oil tank loading systems to meet increased storage and transportation demands. In addition, a new reservoir water utilization unit will also be constructed at the field later this year.
Commenting on the news, CEO of Gazprom Neft Middle East, Sergei Petrov said, “The production of the two-millionth ton of oil at Sarqala marks a significant point in developing this important and promising asset. We’ve made great strides in our four years’ working at the Garmian block, commissioning three wells and putting in place cutting-edge and highly developed infrastructure. In moving into a new phase in developing this field we already have detailed information on the geological characteristics of the region. This means we will, very shortly, be able to determine the direction of the further development of this asset in the Middle East.”
Source: Gazprom Neft