Al-Waha awards Iraqi seismic deal to BGP

25 March 2009
China's Al-Waha Petroleum has started work on the development of Iraq's Al-Ahdab oil field after awarding a seismic contract to BGP, the geophysical division of China National Petroleum Corporation (CNPC).

BGP says the Al-Ahdab field, about 180 kilometres southeast of Baghdad in the province of Wasit, poses a high security risk prompting the firm to hire an international consultancy firm to carry out an assessment before it began work on 11 March.

Al-Waha, a joint venture of CNPC and another Chinese company, Zhenhua Oil Company, estimates the field, which had an approximate pre-war production capacity of 90,000-barrels-a-day (b/d), will produce 110,000 b/d over the next two decades (MEED 27:8:08).

The first output is expected in three years.

Iraq originally signed a $700m deal with CNPC in 1997 to develop the field, but CNPC suspended the project because of UN sanctions against Iraq (MEED 11:8:08).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.