East Baghdad Oil Field - Oil4All
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Oil Reserves 8 billion barrels (2010) [1] Discovered 1976 First Produced 1980 [2] Location East Baghdad. Principal Partners statemanaged East Baghdad oil field From Oil4All The 'supergiant' East Baghdad oil field is situated in the Baghdad and Salah adDin governorates, 10 km east of Baghdad city. [3] The contract area for the field is around 65 kilometres (km) long and 11km wide and covers only the section northwest of the Diyala river. [4] Despite proved reserves of 8 billion barrels, during the 2009 licensing rounds in Iraq there were not bids by the international consortia to exploit the deposit. Forbes magazine suggests that this may because much of the deposit lies under residential areas, [5] as part of the field lies under the city of Baghdad. [6] Following this, Oil Minister Shahristani announced that the Oil Ministry would develop the East Baghdad field on its own. [7] In May 2010 Oil Minister Shahristani said another bidding round could be held if there was enough preliminary interest from international companies. "We will talk to companies and if we find the desire to develop these fields, then we could announce another bidding round for the qualified companies to develop those fields," he said in an interview. [8] Production As of 2012 Iraqi and Jordanian companies were drilling at the site and production reached 10,000 barrels per day (bpd). However production at the field is slower than in desert regions as the area is so densely populated. [9] References 1. ↑ "The World's Biggest Oil Reserves (http://www.forbes.com/2010/01/21/biggestoilfieldsbusinessenergy oilfields.html) ", Forbes, 21 January 2010 2. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved 12 December 2011 3. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved 12 December 2011 4. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved 12 December 2011. 5. ↑ "The World's Biggest Oil Reserves (http://www.forbes.com/2010/01/21/biggestoilfieldsbusinessenergy oilfields.html) ", Forbes, 21 January 2010. 6. ↑ "Iraq Progresses toward a Future Built on Oil Wealth (http://www.spiegel.de/international/world/iraq hopesoilwillbringprosperitya826447.html) ", Der Spiegel, 4 October 2012. 7. ↑ "Iraq Oil Field Goes to Royal Dutch Shell and Petronas (http://www.nytimes.com/2009/12/12/business/global/12ihtoil.html) ", New York Times, 11 December 2009. 8. ↑ "Iraq may hold third oilfield auction (http://www.calgaryherald.com/news/Iraq+hold+third+oilfield+auction/3080121/story.html#ixzz0q08p057D) ", Calgary Herald, 28 May 2010. 9. ↑ "Iraq Develops East Baghdad Oilfield (http://www.iraqbusinessnews.com/2012/04/19/iraqdevelopseast baghdadoilfield/) ", Iraq Business News, 19 April 2012. Retrieved from "http://wiki.openoil.net/index.php?title=East_Baghdad_oil_field"
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Transcript of East Baghdad Oil Field - Oil4All
Oil Reserves 8 billion barrels (2010)[1]
Discovered 1976First Produced 1980[2]
Location East Baghdad.Principal Partners statemanaged
East Baghdad oil fieldFrom Oil4All
The 'supergiant' East Baghdad oil field is situated in theBaghdad and Salah adDin governorates, 10 km east ofBaghdad city.[3] The contract area for the field is around65 kilometres (km) long and 11km wide and covers onlythe section northwest of the Diyala river.[4]
Despite proved reserves of 8 billion barrels, during the2009 licensing rounds in Iraq there were not bids by theinternational consortia to exploit the deposit. Forbes magazine suggests that this may because much of the depositlies under residential areas, [5] as part of the field lies under the city of Baghdad.[6] Following this, Oil MinisterShahristani announced that the Oil Ministry would develop the East Baghdad field on its own.[7]
In May 2010 Oil Minister Shahristani said another bidding round could be held if there was enough preliminaryinterest from international companies. "We will talk to companies and if we find the desire to develop these fields,then we could announce another bidding round for the qualified companies to develop those fields," he said in aninterview.[8]
Production
As of 2012 Iraqi and Jordanian companies were drilling at the site and production reached 10,000 barrels per day(bpd). However production at the field is slower than in desert regions as the area is so densely populated.[9]
References1. ↑ "The World's Biggest Oil Reserves (http://www.forbes.com/2010/01/21/biggestoilfieldsbusinessenergy
oilfields.html) ", Forbes, 21 January 20102. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved
12 December 20113. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved
12 December 20114. ↑ "East Baghdad (http://www.iraqenergy.org/iraqdevelopment/l2.php?page_id=13) ", Iraq Energy, retrieved
12 December 2011.5. ↑ "The World's Biggest Oil Reserves (http://www.forbes.com/2010/01/21/biggestoilfieldsbusinessenergy
oilfields.html) ", Forbes, 21 January 2010.6. ↑ "Iraq Progresses toward a Future Built on Oil Wealth (http://www.spiegel.de/international/world/iraq
hopesoilwillbringprosperitya826447.html) ", Der Spiegel, 4 October 2012.7. ↑ "Iraq Oil Field Goes to Royal Dutch Shell and Petronas
(http://www.nytimes.com/2009/12/12/business/global/12ihtoil.html) ", New York Times, 11 December 2009.8. ↑ "Iraq may hold third oilfield auction
(http://www.calgaryherald.com/news/Iraq+hold+third+oilfield+auction/3080121/story.html#ixzz0q08p057D)", Calgary Herald, 28 May 2010.
9. ↑ "Iraq Develops East Baghdad Oilfield (http://www.iraqbusinessnews.com/2012/04/19/iraqdevelopseastbaghdadoilfield/) ", Iraq Business News, 19 April 2012.
Retrieved from "http://wiki.openoil.net/index.php?title=East_Baghdad_oil_field"
