Despite ExxonMobil’s acrimonious efforts to exit Iraq’s 470,000 b/d West Qurna-1 oilfield (WQ-1), Baghdad announced this week plans to hike capacity to 800,000 b/d by 2027. The expansion target was announced by Basra Oil Company deputy director Hasan Mohammed during a ceremony for the official award of a 96-well contract to services firm Schlumberger.

Schlumberger Iraq vice president Saad Al Dhamin says that the new wells will expand capacity at WQ-1 (ExxonMobil 32.7% CNPC 32.7%, Itochu 19.6%, Pertamina 10%, Iraq state Oil Exploration Co. 5%) by 200,000 b/d. Schlumberger won the contract in March (MEES, 26 March). (CONTINUED - 156 WORDS)