CNPC finishes 1st phase of AI-Ahdab oilfield in Iraq
China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd., said it finished the construction of the first phase of the Al-Ahdab oilfield on Jun. 21, marking major progress in building Middle East oil and gas projects, sources reported.
CNPC, the first foreign oil company to sign an oil service contract in Iraq after former President Saddam Hussein was overturned, started working on the Al-Ahdab oilfield, which had estimated reserves of 1 billion barrels, in March 2009 after it successfully renegotiated an old development deal.
CNPC expected to pump 110,000 barrels to 130,000 barrels per day from the field.
The first phase of the Al-Ahdab oilfield, which was the first new oil capacity building project in 20 years in Iraq, has a capacity of 3 million tonnes per year or 60,000 barrels per day.
CNPC is also developing Iraq's Halfaya oilfield along with France's Total SA and Malaysia's Petronas.
Separately, CNPC's crude oil pipeline from Lanzhou to Chengdu started construction at the end of March this year, and the project is expected to complete and start production in 2012. The oil pipeline, with a length of is 878 kilometers, has annual capacity of 10 million tons of crude oil.
CNPC, the first foreign oil company to sign an oil service contract in Iraq after former President Saddam Hussein was overturned, started working on the Al-Ahdab oilfield, which had estimated reserves of 1 billion barrels, in March 2009 after it successfully renegotiated an old development deal.
CNPC expected to pump 110,000 barrels to 130,000 barrels per day from the field.
The first phase of the Al-Ahdab oilfield, which was the first new oil capacity building project in 20 years in Iraq, has a capacity of 3 million tonnes per year or 60,000 barrels per day.
CNPC is also developing Iraq's Halfaya oilfield along with France's Total SA and Malaysia's Petronas.
Separately, CNPC's crude oil pipeline from Lanzhou to Chengdu started construction at the end of March this year, and the project is expected to complete and start production in 2012. The oil pipeline, with a length of is 878 kilometers, has annual capacity of 10 million tons of crude oil.