The Badra field holds oil-in-place storage of 3 billion barrels (upward of 400 million tons).
In 2017, Badra generate 3.8 million tons of oil.
Project scope Badra field
In late 2009, the consortium of Gazprom Neft, Kogas (Korea), Petronas (Malaysia), and TPAO (Turkey) awarded the Iraqi Government’s contract for the development of the Badra field situated in the Wasit zone in the eastern part of the country.
Gazprom Neft, as the project operator, asset a 30 percent stake in the project, Kogas – 22.5 percent, Petronas – 15 percent, and TPAO – 7.5 percent. The Iraqi Government, represented in the project by the Iraqi Oil Exploration Company OEC, asset a 25 percent stake. The Badra field development project’s lifecycle is 20 years with a possible five-year enhancement. The project investments are estimated at USD $2 billion. subsequent to the contract, the investors will be returning for their costs and underprice.
Blocks in Iraq’s Kurdistan zone:
Gazprom Neft takes a participating interest of 40 percent in the Garmian block and 80 percent in the Halabja and Shakal blocks. The licensed blocks are being discovered. The Sarqala field located within the Garmian block has generated a total of 3 million barrels of oil.
The drill of the first evaluation safely at Badra began in November 2011. In December 2013, Gazprom Neft achieved first oil from Badra during the initial production of well BD4. Commercial oil production began on May 31, 2014, when the construction of a 165-kilometer oil pipeline joining the field to the Iraqi pipeline system was completed. Commercial oil shipments started on September 1, 2014. The Badra development contract’s basic term on feeding the trunkline with no less than 15,000 barrels per day (BPD) for continuous 90 days was fulfilled in late November 2014.
As an outcome, the project arrives at a new phase that allowed the investor consortium to start getting compensation and hire.
On April 9, 2015, Gazprom Neft gets the first Kirkuk oil shipment of 500,000 barrels (approximately 70,000 tons) from the Iraqi Government as reimbursement for the company’s investments in the Badra field development. In 2017, Badra generated a total of 3.8 million tons of oil.
Alexander Dyukov, Chairman of the Management Board of Gazprom Neft: “In just some years, the consortium of firms led by Gazprom Neft has ready Badra, one of the most geologically complex fields in Iraq, for full-scale mercantile development. This is our first large international project in the production section implemented from scratch. We will embed the unique experience obtained in this project to the development of other fields in Russia and other countries.”