Gazprom Neft: Schlumberger To Drill Wells At Iraq Badra Field
20 Junho 2011 - 9:46AM
Dow Jones News
A consortium led by Russian state oil producer OAO Gazprom Neft
(SIBN.RS) has picked Schlumberger Ltd. (SLB) to drill the first
wells at the Badra field in Iraq, the Russian company said
Monday.
Schlumberger has been contracted to drill 11 wells over a
three-year period, Gazprom Neft said.
The consortium--which also includes South Korea's Korea Gas
Corp. (036460.SE), or Kogas, Turkish Petroleum Corp., or TPAO, and
Malaysia's Petronas--plans to start production from the Badra field
in 2013.
Gazprom Neft estimates total costs for the Badra project at $2
billion and plans to drill 17 wells by 2017, when production should
reach 170,000 barrels a day.
Gazprom Neft is the oil arm of Russian gas giant OAO Gazprom
(GAZP.RS).
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495
232-9197, jacob.pedersen@dowjones.com
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