Project Profile
Value: US$6.5 billion
Location: 175 km north of Basra city near the Iran-Iraq border
Plateau production: 450,000 bopd
Estimated Reserves: 2.5 billions barrels
Missan Oil Fields are located 175 km north of Basra city near the Iran-Iraq border including 3 oil fields; Abu Ghriab, Jabal Fauqi and Buzurgan. The plateau production of the fields will be 450.000 bopd. The contract has been signed on 17th May 2010 in Baghdad among Iraqi State Partner, Consortium partners and “Missan Oil Company” on behalf of the Iraqi Ministry of Oil. Missan Fields Development and Production Service Agreement will last 20 years with an extension possibility of 5 years.
The estimated reserve of the complex is 2.5 billion barrels.
Operators:
CNOOC: Operator with 63.25% interest
TPAO: 11.25% interest
Iraqi Drilling Company: 25% interest