Iraq: Crisis Remains At The Door Despite Badra Start Up

Gazprom’s Badra field in southern Iraq has started up and is now producing 15,000 b/d. But instability threatens to eat into the country’s oil output.

It may be more than a year late but the start-up of the Badra oil field, operated by Russia’s Gazprom Neft, will help bolster Baghdad’s message that Iraq’s southern oil fields remain untouched by the violence and political inertia that has gripped the country.

While this may technically be true, foreign firms continue to draw down staff, with services firms the latest to acknowledge this (see p14). This is bound to have an impact on output sooner or later. (CONTINUED - 1220 WORDS)