Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth tonne of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq.

First oil was obtained at the Garmian block, which includes the Sarqala field, in 2011. Commercial oil shipments commenced in 2015, with the commissioning of the Sarqala-1 well. The second production well was launched in 2018. A third well, with production capacity of 12,000 barrels per day (bpd), has now gone into operation at the field — the launch of which has seen total daily production volumes increase by 25 percent, reaching 35,000 barrels. Total cumulative production at the field now stands at two million tonnes, or more than 15 million barrels of oil since the start of commercial production four years ago.

Field infrastructure has seen considerable expansion throughout this asset’s development, with a new high- and low-pressure separation processing line constructed here, together with two 17,000-barrel-capacity reservoirs (tanks), and the reconstruction of the oil-tanker loading systems — this modernisation providing transportation and storage capacity for significantly higher oil production. A reservoir-water utilisation unit will be built at the Sarqala field this year, with throughput capacity of 5,000 barrels per day.

Gazprom Neft Middle East B.V. CEO Sergei Petrov commented: “The production of the two-millionth tonne of oil at Sarqala marks a significant point in developing this important and promising asset. We’ve made great strides in our four years’ working at the Garmian block, commissioning three wells and putting in place cutting-edge and highly developed infrastructure. In moving into a new phase in developing this field we already have detailed information on the geological characteristics of the region. This means we will, very shortly, be able to determine the direction of the further development of this asset in the Middle East.”

Gazprom Neft in the Kurdistan Region of Iraq

Gazprom Neft is involved in implementing two projects in the Kurdistan Region of Iraq (KRI), at the Shakal and Garmian blocks. Gazprom Neft’s interest in the Shakal block is 80 percent (with the remaining interest being held by the Government of the KRI), and 40 percent in the Garmian block (with the Government of the KRI holding 20 percent, and Canada’s WesternZagros 40 percent). Gazprom Neft has been Operator on the Garmian project since February 2016.

About Gazprom Neft

Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. The Gazprom Neft’s corporate structure comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad.
The company’s proved and probable reserves (SPE-PRMS) are estimated at 2.78 billion tonnes of oil equivalent (btoe), making Gazprom Neft one of the top-20 largest oil and gas companies in the world, and one of Russia’s top three largest companies in terms of production and refining volumes. Total production in 2017 reached 89.75 million tonnes of oil equivalent (mtoe), with refining volumes of 40.1 million tonnes.
Gazprom Neft products are exported to more than 50 countries worldwide, and sold throughout the Russian Federation and abroad. The company’s filling station network totals more than 1,850 outlets throughout Russia, the CIS and Europe.