Output at Iraq’s Halfaya oilfield will rise to 70,000 barrels a day in 2012 with the drilling of 48 wells, As Sabah newspaper said today.
Two projects valued at a total of $187 million will be built next year at Halfaya, south of Baghdad, it said, citing Ali Warid Hmoud, the Halfaya field director at Missan Oil Co. The projects include a crude oil facility with a processing capacity of 100,000 barrels a day and a pumping station to increase export capacity, he said.
Total, China National Petroleum Corp. and Petroliam Nasional Bhd. are developing Halfaya after the companies signed a contract last year. CNPC has a 50 percent share in the project with Total and Petronas owning 25 percent each.