Project Profile

Value: US$600 million
Location: East Baghdad, Baghdad Province
Estimated oil in place: 8,000 million barrels
Current production of oil: 3,000 bpd
Potential production: 120,000 bcpd
Start-up Year: 1980

East Baghdad Field is a group of oil fields, located east of Baghdad, Iraq. East Baghdad is proven to hold 8 billion barrels (1.3 bcm) of recoverable reserve and believed to have a production potential of 400,000 bpd (64,000 m3/d). The oil field was discovered in 1976 and is 11Km wide and 64Km long. The field first started production in 1980. In December 2009, despite previous negotiations with Japan\'s Petroleum Exploration Company, JAPEX, there were no bids to work on the oil field. Iraq\'s Ministry of Oil will likely work the site instead.

The East Baghdad oilfield is the biggest in Iraq and Iraqi and Jordanian companies are drilling wells in it. The ministry had mapped out a plan to develop it and signed a contract with an Iraqi drilling company to drill six wells, in addition to signing another deal with a Jordanian company to drill seven more wells. Production at the field is slower than in desert regions as the area is so densely populated.

In May 2018,Iraq signed a 25-year contract Wednesday with the China ZhenHua Oil Company to develop the southern part of the East Baghdad field, building on the company's oil production and sales business in the country.

Operator:

ZhenHua Oil Company 

Owner:

Iraqi Ministry of Oil: 100% interest

Contractor:

Daqing Oilfield Drilling & Exploration Engineering Corp.: Drill wells