Gazprom Neft Boosts Iraqi Output

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Gazprom Neft said a new well has increased production at the Sarqala field in Iraq's autonomous Kurdistan region, where the company's longer term plans remain up in the air. Gazprom Neft, the oil arm of Russia's state-controlled gas giant Gazprom, said a fourth well at the Sarqala field in the Garmian Block had tested at an initial production rate of 11,500 b/d, lifting the field's total production to 33,000 b/d. Once the well is producing, output at the field is expected to increase by 33%, the company said. Gazprom Neft drilled the new well to sustain production at the field. However, it has yet to decide whether it will continue to develop the field in the longer term. Gazprom Neft operates Sarqala and holds a 40% stake, alongside Canada's Western Zagros (40%). The company's upstream portfolio in Iraqi Kurdistan also includes the Shakal Block, but it has not provided an update on that acreage for the past couple of years (NC Dec.31'20).

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