10th - 12th of May 2018, Kazan The 10th International Economic Summit “Russia — Islamic World: KazanSummit 2018”
“Gazprom Neft” will supply electricity to the inhabitants of several provinces of Iraq
“Gazprom oil” will start on Wednesday, the gas infrastructure project Badra oil field in Iraq, geological reserves of 3 billion barrels of oil. The ceremony will take part the Minister of energy of Russia Alexander Novak and Minister of oil of Iraq Jabbar al-Laibi.
Gas infrastructure will utilize the associated petroleum gas (APG), which is emitted during the production of oil, and use dry commercial gas to supply electricity to the inhabitants of several provinces of Iraq.
For recycling 99% of APG company will be put into pilot operation a complex gas treatment unit with a capacity of 1.6 billion cubic meters per year. Part of dry commercial gas produced at the facility, will be used for the needs of the fishery as a fuel for gas turbine plant performance 123,5 MW, which provides energy wells and drilling rigs, equipment for preparation of raw materials and residential complex, the town of Badr with the adjacent settlements .
Thus, the main part of the obtained dry commercial gas will be supplied to the power plant AZ-Zubaidi. To do this, “Gazprom Neft” and its partners had built a pipeline length of more 100 km.
About the project
“Gazprom Neft” consisting of the consortium acquired the right to develop the Badra oil field. Commercial mining in the field began in August 2014. The company owns in the project a share of 30% and acts as operator. Kogas (Korea) owns 22.5 per cent, Petronas (Malaysia) is 15%, trao (Turkey) is 7.5%. The share of the Iraqi government, which is represented in the project by the Iraqi exploration company Oil Exploration Company (OEC), is 25%.
Earlier, first Deputy General Director of “Gazprom oil” Vadim Yakovlev in an interview with Reuters said that the company has revised its forecasts for limiting the level of production at the Badra field in Iraq – in the long run it may amount to 110 thousand barrels per day.