Lukoil, Basra Oil Ink Development Plan For West Qurna-2 Field

Lukoil and the Basra Oil Co. have signed a new development plan of West Qurna-2 field that provides for an oil production plateau of 800,000 barrels per day (bbl/d), the company said on May 11.

According to the plan, the oil production of 480,000 bbl/d will be reached in 2020 and 800,000 bbl/d is expected in 2025.