Production to increase as further wells are completed
- Drilling operations still ongoing
- Petrochina assessing bids for phase three packages
Petrochina has completed the drilling of 122 wells at the Halfaya oil field development in the south of Iraq, according to the fields majority owner, the local Missan Oil Company.
The number of wells drilled at the Halfaya oil field rose to 122 wells in addition to 18 wells in the Bazerkan field, and drilling operations are still ongoing, a Missan Oil Company spokesman told the local Shafaq News.
The state-owned company said production would increase as further wells are completed at the field.
Last year, Petrochina said it was producing 200,000 barrels a day (b/d) of oil after completing the first two phases of the development between 2012 and 2014.
Petrochina is currently assessing engineering, procurement and construction (EPC) bids for several packages on the third-phase development at Halfaya.
The third central processing facility (CPF-3) is planned to boost the fields capacity to more than 500,000 b/d.