Russia's Gazprom Neft reports increase in output at Kurdistan's Sarqala oilfield
ERBIL (Kurdistan 24) – Russian oil and gas production giant Gazprom Neft said on Friday that crude oil production in the Kurdistan Region's Sarqala field has reached about 30 thousand barrels per day.
The Russian company said that it had drilled a fourth production well in April 2021 in the Sarqala field, located in the Garmiyan Administration area, an unofficial province in the Kurdistan Region that includes the three districts of Kalar, Kifri, and Chamchamal, in territory disputed between Baghdad and Erbil.
Last year saw the production of more than 1.2 million tons, out of 9.3 million barrels of oil in Sarqala, according to the company, which also noted that they had produced five million tons of oil from the field since they began operation there about ten years ago.
Gazprom Neft owns an estimated 40-percent stake in the Garmian block.
In April 2019, the company said its operations at the Sarqala field rose by 25 percent following the launch of a third production well.
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Gazprom Neft, Russia's third-largest oil producer, began operating in Iraq in 2010, in the southern province of Wasit. In the summer of 2012, the company entered into two other projects in Iraq.
The first was a product-sharing agreement with the Kurdistan Regional Government (KRG) for both the Garmian (where Sarqala is located) and Shakal blocks. In 2013, the company signed an additional deal for the Halabja block.
The Russian giant reportedly owns 80 percent of the stakes in the Halabja and Shakal blocks.