Iraq’s Minister of Oil Ihsan Ismaael this week announced a $3bn five-year plan for Basrah Gas Company (BGC: South Gas Co. 51%, Shell 44%, Mitsubishi 5%). The key project for BGC is its work to increase gas processing capacity from 1bn cfd to 1.4bn cfd though the Basrah NGL (BNGL) development. BNGL comprises two 200mn cfd trains at Ratawi, and is planned for 2025 completion (MEES, 15 February 2019).
BGC currently produces 900mn cfd from four processing plants. It is having to run below capacity because Opec+ cuts are reducing the volumes of available associated gas which comes from Iraq’s first licensing round fields Rumaila, Zubair and West Qurna-1 utilizing 17 compression stations. (CONTINUED - 374 WORDS)