Total starts production at Halfaya field in Iraq

5:59 AM, 2nd July 2012

Total starts production at Halfaya field in Iraq

Yves-Louis Darricarrere, President, Exploration & Production, Total.

PARIS, FRANCE: Total announced that the consortium led by PetroChina has started raising production from the Halfaya field, Iraq to reach in its first phase an average of 70,000 barrels a day from newly built facilities. The 20-year development and production service contract with Missan Oil Company for the development of the Halfaya oil field was signed on 27 January 2010. Total E&P Iraq holds 18.75 per cent interest in the consortium, alongside the operator PetroChina (37.5 per cent) and partners Petronas Carigali (18.75 per cent) and the State Partner South Oil Company (25 per cent).

“This first step of production from Halfaya marks a landmark milestone in the development of the field. Total remains committed to accompanying the development of the Iraqi oil industry and is looking at engaging in other projects. In working with its partners PetroChina and Petronas on the Halfaya oil field, Total will also further strengthen its international partnership with world-class national oil companies,” said Yves-Louis Darricarrere, President, Exploration & Production, Total.

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