Group signs Halfaya development contract

By OGJ editors
HOUSTON, Jan. 28
-- A group led by PetroChina Co. Ltd. has signed its service contract for development of supergiant Halfaya oil field in Iraq (OGJ, Dec. 21, 2009, Newsletter).

The 20-year contract, with state-owned Missan Oil Co., calls for an increase in production to a plateau of 535,000 b/d from 3,100 b/d at present.

The group will receive a remuneration fee of $1.40/bbl when production exceeds 70,000 b/d and must sustain output at the plateau rate for 13 years. The contract provides for cost recovery.

The Iraqi oil ministry said seven wells drilled in Halfaya field have appraised oil in multiple Tertiary and Cretaceous formations since discovery in 1976. Current production is from four wells completed in Cretaceous Mishrif and Nahr Umr zones.

The field is a northwest-southeast trending anticline about 30 km long and 10 km wide. It’s 35 km southeast of Amara.

PetroChina has a 37.5% interest in the consortium. Total E&P Iraq and Petronas Carigali Sdn. Bhd. hold 18.75% each. State partner South Oil Co. has a 25% interest.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin


CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal


FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected