Exxon says Iraqi oil field on track

24 October 2010

ExxonMobil has said that Iraq’s West Qurna Phase One oilfield is on track to reach its initial production target in 2011, Reuters has reported. Current production at the field is more than 200,000 barrels per day, the company said. ExxonMobil and Shell, who won a contract to develop the 8.7-billion-barrel field, aim to boost output to 2.32 million bpd after setting a baseline production of 244,000 bpd, according to Iraqi officials.

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