Iraq’s West Qurna-2 oilfield hits 402,000 bpd

oil iraq-SMelindo flickrProduction from Iraq’s West Qurna-2 oilfield is at around 402,000 bpd, Lukoil Overseas has announced

The output is expected to rise to 420,000 bpd by the end of the year, senior vice-president Gati Al-Jebouri said at a conference in London recently.

Iraq had earlier notified its exploration partners that it plans to split its southern Basra oil production into two grades due to quality differences and offer a heavier type of crude from May this year onwards.

The country first floated the idea in October 2014 due to a rise in new production of heavier Basra crude from southern fields such as West Qurna. Basra’s quality swings from a heavy oil with API gravity at 26º to a medium type at 34º.

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