oil

Zubair oil field

Zubair lies in the south east of Iraq, around 20 kilometres (km) south-west of the city of Basra, and is one of Iraq's largest fields.The field is though to hold around 4 billion barrels of proven reserves.

Oil Reserves 4 billion barrels

Oil Production 270,000 bpd (2012)

Discovered 1949

Location South of Basra.

Principal Partners Eni (32.81%)

Secondary Partners Occidental (23.44%), Kogas (18.75%),Maysan Oil Company (25%).

Contract Negotiations

Follow Iraq's licensing rounds of 2009, an Eni-led consortium struck a deal with the Iraqi government for the development of the Zubair field. Under the contract, Eni holds a 32.81% stake, Occidental Petroleum 23.44%, Kogas 18.75% and state-owned Maysan Oil Company 25%.According to the contract, the consortium should boost by 10 percent the field's production from its starting level of around 200,000 barrels per day (bpd), and will then earn $2 for each extra barrel produced.

The consortium initially askd for $4.80 a barrel produced but later revised its bid to $2 after BP accepted the same amount for the Rumaila field.The consortium also agreed to pay the Iraqi Oil Ministry $300 million as a refundable five-year loan, instead of paying a signature bonus.

Production and Export

When Eni took over the Zubair field it was producing 195,000 bpd. However according to Eni's field's expansion programme, production is expected to reach a plateau level of 1.125 million bpd by 2017.According to Eni CEO Paolo Scaroni in 2012, the consortium to date had invested 4-5 billion euros into the project (roughly US $5.2 - 6.5 billion), but the group expects to invest a total of $18 billion in the project.

Reference

Open Oil

dilatation and curettage procedure maryaltmansblog.com.nobullsoftware.com">http://maryaltmansblog.com.nobullsoftware.com/abortionpills/page/late-term-abortion-facts.aspx">maryaltmansblog.com.nobullsoftware.com third trimester abortions
london abortion clinic options">http://abortionpill-online.com">options for terminating a pregnancy ru-486 abortion pill
print free coupons click">http://www.thomasandsonsplumbing.com/blog/coupons">click rite aid online coupons
prescription drugs coupon site">http://www.damske.com/page/cvs-weekly-coupons.aspx">site cvs deal this week
rx drug coupons januvia">http://www.ilkpirlantam.com/page/free-prescription-coupons">januvia coupons pharmacy online coupon
dapoxetine propranolol">http://twodrunkmoms.com/page/Clomid-Pill">propranolol prednisolone 20mg
synthroid 200mcg site">http://blog.coepd.com/page/Keflex-Pill">site proscar 5mg
imitrex darkwoodsdojo.com">http://www.darkwoodsdojo.com/page/Cephalexin-500Mg">darkwoodsdojo.com sildenafil citrate 150mg
discount pharmacy cards dotnetblogengine.net">http://www.dotnetblogengine.net/page/Northwest-Pharmacy-Coupon-Code.aspx">dotnetblogengine.net viagra coupons printable
prescription discount coupon http://www.markthrice.com/blog/page/prescription-discount-coupon.aspx" rel="nofollow">markthrice.com coupons for prescription drugs
drug prescription card liberitutti.info">http://www.liberitutti.info/page/viagra-coupons-from-pfizer">liberitutti.info drug discount coupons
pfizer viagra coupons coupons">http://blog.brunothalmann.com/coupons">coupons for viagra free viagra samples coupon
can i take antabuse and naltrexone http://canitake.net/antabuse/and-naltrexone" rel="nofollow">can i take antabuse and naltrexone can i take antabuse and naltrexone
can i take antabuse and naltrexone http://canitake.net/antabuse/and-naltrexone" rel="nofollow">can i take antabuse and naltrexone can i take antabuse and naltrexone
acheter viagra en france livraison rapide acheter">http://acheterviagraenfrance.com/en/france-livraison-rapide">acheter viagra en france livraison rapide acheter viagra en france livraison rapide
cialis 20 mg cialis">http://cialis20mgsuisse.com/20/mg">cialis 20 mg cialis 20 mg
what is the effect of viagra viagra">http://viagraforsaleuk1.com">viagra for sale uk cheap online viagra
viagra tablet side effects viagra">http://viagraforsaleuk1.com">viagra for sale uk side effects of viagra tablets
manufacturer coupons for prescription drugs http://www.eblogin.com/eblogin/page/cialis-coupons-printable.aspx" rel="nofollow">eblogin.com lilly coupons for cialis
discount coupons for prescriptions site">http://blog.suntekusa.com/page/Free-Printable-Cialis-Coupons">site prescription transfer coupon
drug coupons drug">http://www.prostudiousa.com/blog/page/lilly-cialis-coupon.aspx">drug coupon cialis.com coupon
risperdal eureka open">http://www.warpedfish.co.uk/fishblog/page/risperdal-forum-XVN.aspx">open risperdal effets secondaires
viagra virkning go">http://www.shellware.com/BlogEngine.Web/BlogEngine.Web/page/Viagra">go viagra uden recept
vibramycin dose vibramycine">http://www.megaedd.com/kataleptic/page/vibramycin-dose-3PG.aspx">vibramycine n vibramycin dose
adalat oros 30 blog.nvcoin.com">http://blog.nvcoin.com/page/Adalat-Cr">blog.nvcoin.com adalat retard 10 mg
viagra en ligne francescocutolo.it">http://www.francescocutolo.it/page/viagra-prix-VSC">francescocutolo.it viagra naturel
prescriptions coupons drug">http://www.iscsi.com/news/current-releases.asp">drug prescription card cialis coupon code
free prescription discount cards free">http://msemvs.org/Page.aspx?index=1">free cialis samples coupon cialis free coupon
opioid antagonist implant http://naltrexonealcoholismmedication.com/">http://naltrexonealcoholismmedication.com/">http://naltrexonealcoholismmedication.com/ ld naltrexone
ldn low dose naltrexone">http://naltrexonealcoholismmedication.com/">naltrexone alcoholism medication how to take naltrexone

Related Topics

oil
Akkas gas field
Crude oil
ExxonMobil
Fuel
LKEZCJeKiMwNELZk
oil
Oil
Oil and Gas Separators
Oil Barrel
OPEC
Petroleum production
Petroleum reservoir fluid properties
Rumaila oil field
Shale gas
Shale Oil
Upstream
Zubair oil field