Gazprom Neft May Boost Oil Output To 110,000 Bpd At Iraqi Badra If Authorized - Chairman

Gazprom Neft May Boost Oil Output to 110,000 Bpd at Iraqi Badra If Authorized - Chairman

Russia's Gazprom Neft will be able to increase production at the Badra project in Iraq up to 110,000 barrels per day if the company reaches agreement on additional drilling, Alexander Dyukov, the chairman of the management board of Gazprom Neft, said Thursday

MOSCOW (Pakistan Point News / Sputnik - 28th March, 2019) Russia's Gazprom Neft will be able to increase production at the Badra project in Iraq up to 110,000 barrels per day if the company reaches agreement on additional drilling, Alexander Dyukov, the chairman of the management board of Gazprom Neft, said Thursday.

"Infrastructure that allows for producing 110,000 barrels per day has been built, but an additional drilling program and geological activities are needed to increase production. Accordingly, various projects are now being discussed. As soon as this additional program is agreed upon with Iraqi partners, it will be possible to talk about increasing," Dyukov said.