2018cnpciniraq

Project Overview

Oilfield Introduction

Key Milestones

Al-Ahdab

Halfaya

Rumaila

West Qurna-1

Located 180 km southeast of Baghdad, near Kut City in Wasit Governorate, and adjacent to the Tigris River

Located in the agricultural region of Wasit with a majority population of Shiite Muslims

Located in Amarah City,
Maysan Governorate, Iraq

Located in Basra Governorate,
Iraq’s largest oilfield in Iraq

Located about 50 km from Basra
Governorate

Put into operation in June 2011;

Delivered an annual capacity of 6 million tons in November 2011 as required by the contract.

Bid awarded on December 11, 2009;

Contract formally signed on January 27, 2010;

Phase I with a 5-million ton annual capacity put into operation in June 2012; Phase II with a 10-million ton annual capacity put into operation in August 2014, two years ahead of schedule; Construction of Phase III officially launched in April 2017; Phase III with a 20-million ton annual capacity put into operation in September 2018.

Operating right fully transferred to Joint Operation on July 1, 2010;

Initial production target achieved in December 2010;

Technical service contract revised to increase CNPC’s equity from 37% to 46.3733% in September 2014.

Project equity transfer completed with ExxonMobil and CNPC got 25% equity on November, 2013;

CNPC’equity increased to 32.7% in April 2014;

Equity structure changed in May 2018: ExxonMobil—32.7%, CNPC—32.7%, ITOCHU—19.6% Pertamina—10%, Oil Exploration Company of Iraq—5%.

Support for the Development of the Petroleum Industry

CNPC participates in the construction of Iraq’s energy infrastructure by bringing its advantages in integration into full play, and works with its partners to overcome difficulties, so as to help Iraq recover and boost oil and gas production and revitalize the oil industry. These efforts have helped Iraq become a major oil exporting country again and promoted its local economic recovery.

· Restoring and Increasing Production Capacity

· Promoting Local Economic Recovery

· Enhancing Crude Oil Transportation Capability

Projects CNPC has
invested in with its partners

70,000

million tons/year

Phase II delivered annual capacity of six million tons three years ahead of schedule

barrels/day

The Halfaya project met the contracted production target of 70,000 barrels/day 15 months ahead of schedule

The Rumaila project achieved the goal of a 10% increase in production two years ahead of schedule and registered the highest production the oilfield had ever seen over the past 30 years

About Us

As a major oil and gas producer and oilfield service provider in the world, CNPC has businesses covering oil and gas operations, oilfield services, engineering and construction, equipment manufacturing, financial services and new energy development.

Our mission

Our Goal

Our strategy

Cooperation Principle

Caring for Energy, Caring for You

To be a first-class integrated international energy company

Resources, Market, Internationalization, Innovation

Win-win cooperation for common development

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