Bloomberg News

Iraq’s Halfaya Crude Oil Field Increases Output, Missan Says

December 29, 2011

Dec. 29 (Bloomberg) -- Crude production at Iraq’s Halfaya field, whose shareholders include Total SA, increased after a well started, according to Missan Oil Co., which is overseeing the project.

The well, one of 10 being drilled to develop the area, added 2,000 barrels a day in production, Director General Ali Muarej said in a statement on the company’s website today. Output will start at three more wells next month, he said.

Total, China National Petroleum Corp. and Petroliam Nasional Bhd., known as Petronas, are developing Halfaya. CNPC has a 50 percent share in the project, with Total and Petronas each owning 25 percent.

Output at Halfaya field will rise to 70,000 barrels a day in 2012, As Sabah newspaper said Oct. 9.

--With assistance from Nayla Razzouk in Dubai. Editors: Rachel Graham, Rob Verdonck

To contact the reporter on this story: Kadhim Ajrash through the Dubai newsroom at contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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