Russia’s Lukoil has initiated the tender process for two projects to develop its West Qurna 2 site in Iraq, giving contractors until 23 July to apply for the full set of tender documents. The deadline for bids for both projects is 23 August.
One tender is for the engineering, procurement and construction (EPC) of decentralised water injection facilities at the West Qurna-2 oil field. The other tender is for the EPC of a gas turbine power plant expansion at the same location.
In May, Lukoil and Basra Oil Company (BOC) signed off a new development plan for the West Qurna-2 field. According to the plan, oil production of 480,000 barrels a day (b/d) will be reached in 2020 and 800,000 b/d is expected in 2025.
Both of the new projects being tendered are part of Lukoil’s plan to increase production and hit the target.
The West Qurna 2 field is located in the southern part of Iraq, 65 kilometres north-west of Basra.
The field’s recoverable reserves come to about 14 billion barrels, according to Lukoil.
More than 90 per cent of the reserves are concentrated in the Mishrif and Yamama accumulations.
Commercial oil production started at the field on 29 March 2014.
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