Output from the field in the prolific Basra region is expected to climb to 400,000 bpd by the end of the year from the current level of 120,000 bpd.
The launch of West Qurna-2 firmly cements Iraq’s position as Opec’s second-largest producer behind Saudi Arabia.
“The start of production at West Qurna-2 is strategically important for Lukoil. Starting up the field on a tight schedule and reaching the target production level underscores Lukoil’s ability to independently and efficiently manage the implementation of complex large-scale projects and reinforces our position as a global energy company,” Lukoil president Vagit Alekperov said at the inauguration ceremony.
