Iraq’s West Qurna-2: Start-Up By May, 400,000 b/d By Fall

Vagit Alekperov, CEO of Lukoil, operator of Iraq’s West Qurna-2 oil field development project, says he expects initial 120,000 b/d production in April-May, rising to 400,000 b/d by the fall.

The 12.5bn barrel West Qurna-2 is one of the world’s largest undeveloped structures. It will account for the largest slice of Iraq’s planned 2014 output additions. (CONTINUED - 698 WORDS)