Lukoil begins drilling at West Qurna-2

oil-field

Lukoil has announced that it started drilling operations in the West Qurna-2 oil field near Basra.

 

Lukoil, President Vagit Alekperov was quoted by RIA Novosti as stating, “We have launched drilling, well borers are already there."

West-Qurna-2 is a green field that has yet to produce any oil and is is about 40 miles northwest of Basra.

Lukoil and Statoil were awarded a 20-year service contract for West-Qurna 2 in Iraq's second licensing round held in December 2009.

Full-scale production is slated by the end of 2012. The field should reach a peak production rate of 1.8mn bpd by 2017 and sustain that level for more than a decade.

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