BAGHDAD (AP) — An Iraqi oil official says production from the country’s West Qurna Stage 1 oil field should more than triple to 750,000 barrels a day in three years time.
Mahdi Swadi, the head of the joint management commission that runs the field, told The Associated Press Sunday that the 8.6 billion barrel field currently produces 234,000 barrels per day. and is set to climb to 270,000 barrels per day by May.
A consortium grouping Exxon Mobil and Shell is developing the field, which is one of Iraq’s largest.
They won the field during Iraq’s first bidding round last year.
Iraq is trying to attract international expertise and investment to boost its oil output after years of war, sanctions and neglect.
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