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Petronas opens New Well at Garraf Field

By John Lee.

Petronas Carigali Iraq Holding B.V. has opened its K-123 well in the Garraf Contract Area in Dhi Qar.

Present at the event were, Petronas Vice President International Assets of Upstream Mr. M Jukris A Wahab; Director, Managing Executive Officer and President of Middle East, Asia & Europe Project Division of Japex, Mr. Toshiyuki Hirata; and Petronas Iraq Country Chairman, Mr. Norafizal Mat Saad.

The field is operated by Petronas (45%), Japex Garraf Ltd (30%), and North Oil Company (25%). (Japex Garraf Ltd is owned as follows: Japex 55%, Mitsubishi Corporation 10%, and JOGMEC 35%).

(Source: Petronas)

The post Petronas opens New Well at Garraf Field first appeared on Iraq Business News.

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Foreign Staff Evacuated from Basra Gas Company

 By John Lee.

Shell has reportedly evacuated its foreign staff who had been working at the Basra Gas Company (BGC).

BGC executives told Reuters that around 60 staff were flown out on Wednesday after workers who had been laid off staged a protest.

Shell has a 44-percent stake in the $17-billion, 25-year BGC project, with Iraq’s South Gas Company (SGC) having 51 percent, and Japan’s Mitsubishi 5 percent.

(Source: Reuters)

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Basrah Gas Company to Increase Capacity by 40%

By John Lee.

Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a “final investment decision (FID)” on its growth programme, which will increase BGC’s capacity by 40 percent.

According to Oil and Gas Middle East, the decision was taken with the support of all BGC’s shareholders: South Gas Company (SOC), Shell and Mitsubishi.

BGC captures flared gas from the Rumaila, West Qurna 1 and Zubair oilfields, converting it into dry gas for power generation and liquids for the domestic market and for exports.

At the heart of the new development is the Basrah Natural Gas Liquids (Basrah NGL) project; a 400 million standard cubic feet per day greenfield gas processing plant at Ar Ratawi.

More here.

(Source: Oil and Gas Middle East)

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BGC to Increase Gas Output by 16% by end-Dec

By John Lee.

The Basra Gas Company (BGC) is expected to increase production from its current level of 900 million cubic feet per day (mcf/d) to 1,050 mcf/d by the end of this year.

A statement from the Ministry of Oil on Thursday added that the project aims to reach a target of 2,000 mcf/d from the fields of Rumaila, Zubair and West Qurna 1.

Shell has a 44-percent stake in the $17-billion, 25-year BGC project, with Iraq having 51 percent, and Japan’s Mitsubishi 5 percent.

(Source: Ministry of Oil)

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Shell plans Major Expansion at BGC

By John Lee.

Having sold its stake in the West Qurna 1 project to Japan’s Itochu, Shell is now said to be “fully committed” to the giant Basra Gas Company (BGC), which captures gas from Iraq’s southern oilfields.

Frits Klap, managing director of BGC, told Reuters that processing capacity has more than tripled to 938 million standard cubic feet (scf) per day since operations started in 2013, and further expansion is planned:

“We are going to go for something called BNGL, or Basra NGL (natural gas liquids) expansion, which really is going to take us from 1 bcf to 1.4 bcf through two trains, each of 200 million scf per day.”

Shell has a 44-percent stake in the $17-billion, 25-year project, with Iraq having 51 percent, and Japan’s Mitsubishi 5 percent.

More here.

(Source: Reuters)