Abu Dhabi’s TAQA exceeds one mmbbl of oil per month in Iraq oil field

taqa rig largeAbu Dhabi National Energy Company (TAQA) stated that its subsidiary TAQA Atrush B.V. has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq

The one mmbbl mark is a major milestone in TAQA Iraq’s ongoing production improvement and expansion plans for the Atrush block and is a testimony to the effort, professionalism, and commitment to deliver safe and efficient operations in Iraq.

The current gross production rate for the Atrush block is approximately 34,000 bopd, in line with the company’s target for Q2 2019. The increase in production was largely due to new wells coming on stream and the impact of de-bottlenecking work over the last few months.

Saeed Al Dhaheri, TAQA CEO, said, “This significant achievement is a direct result of our Iraq team’s technical expertise and strategic planning efforts. As a global energy player with operations spanning four continents, our operations in Iraq have allowed us to strengthen our expertise as a leading developer of greenfield projects.”

“We look forward to building on this achievement to continue to deliver energy to our strategic partners in the Kurdistan region, and to continue to forge strong relationships with local communities around the Atrush block,” he added.

AbdulKhaliq Al Ameri, managing director of TAQA Iraq, added, “Our focus for the past two years has been to improve the value of our asset while ensuring cost-optimisation and uphold our commitment to health and safety. I am particularly proud of our team, which comprises more than 300 people, many of whom are from the Kurdistan region. This achievement is a result of their hard work and dedication to TAQA’s vision.”

The Atrush field is located 85 km northwest of Erbil and is one of the largest new developments in the Kurdistan Region of Iraq. Since the beginning of production in 2017, Atrush has extracted some 17 mmbbl of oil from the field.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?