23 May 2013
Russian state oil producer Gazprom Neft has issued a new tender to drill six oil wells at the Badra oil field in eastern Iraq, the company said on its web site. Gazprom has set June 13, 2013 as a closing date for receiving offers.
The Gazprom consortium, which includes South Korea’s (Kogas), Turkish Petroleum Corp (TPAO), and Malaysia’s Petronas, plans to increase production from the field to 170,000 barrels a day by 2017, according to a development plan agreed with the Iraqi government. Badra’s reserves are estimated to be around 3 billion barrels of oil.
Gazprom, which owns the largest stake in the consortium at 40%, signed a contract with Baghdad to develop the field in January 2009.
Earlier in January Gazprom and its partners awarded an $879 million contract to South Korea’s Samsung Group to design and build phase two of a central processing facility for oil production in the field.