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Lukoil eyes 150,000 b/d output from West Qurna-2 by year-end
- Iraq: Wednesday, April 10 - 2013 at 08:17
Russia's largest non-state oil producer, Lukoil Holdings has said it aims to produce 150,000 barrels of oil a day at Iraq's giant West Qurna-2 oilfield by the end of December 2013, Dow Jones has reported. The 13-billion-barrel field is expected to raise output to 400,000 barrels a day by April 2014, and to hit 550,000 barrels a day in 2015, the firm said. To date, the company has drilled eight production wells and is planning to drill another 27 wells this year, a company executive said, adding that four rigs are drilling in the field.
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