Russian state oil producer OAO Gazprom Neft (SIBN.RS) has issued a new tender to drill six oil wells at the Badra oil field in eastern Iraq, the company said on its website.
Russian state oil producer OAO Gazprom Neft (SIBN.RS) has issued a new
tender to drill six oil wells at the Badra oil field in eastern
Iraq
, the
company said on its website.
Gazprom has set
June
13, 2013
as a closing date for receiving offers.
The Gazprom consortium, which includes
South
Korea
's Gas Corp. (036460.SE),
Turkish Petroleum Corp. or TPAO, and
Malaysia
's
Petronas, plans to increase production from the field to 170,000 barrels a day
by 2017, according to a development plan agreed with the Iraqi government.
Badra's reserves are estimated to be around 3 billion barrels of oil.
Gazprom, which owns the largest stake in the consortium at 40%, signed a
contract with
Baghdad
to
develop the field in January 2009.
Earlier in January Gazprom and its partners awarded an $879 million contract to
South Korea
's
Samsung Group (SSN.YY) to design and build phase two of a central processing
facility for oil production in the field.
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