Despite a tumultuous last two years, the KRG has this year added 75,000 b/d output capacity, pushing it just shy of the half-million b/d mark. Further gains from the region’s up-and-comers are expected in 2020.
For the first time since the loss of the 280,000 b/d Avana Dome and Bai Hassan in late 2017 (MEES, 20 October 2017), Iraqi Kurdistan’s tempestuous oil sector is poised to once more produce 500,000 b/d as foreign firms continue to invest in the region (see chart). By the end of the year, MEES expects output to exceed 490,000 b/d, with 500,000 b/d breached in early 2020. (CONTINUED - 905 WORDS)