Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. EBITDAX1 1.1 EBITDAX1 1.1

Energy 66

Energy Energy Exploration and Production BBL 66

OilPro

MARCH 16, 2020

So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? API 650 Guideline 2,500 Bbl tanks and then truck them to site. This had never been done in Kuwait with tanks of this size, so everyone was quite excited to complete this project.

API 52

API BBL Foremen Engineering 52

Rig Skills

MAY 26, 2020

Spurt losses Seepage losses Partial losses Severe losses Complete losses. Seepage losses These are down hole losses ranging from 2 to 10 bbl per hour. Complete losses Complete losses also called total losses, in this kind of mud losses, whatever drilling fluid is pumped its being lost into wellbore.

Drilling Mud 52

Drilling Mud Gas Oil Drilling rig 52

Oil Gas Leads

MARCH 3, 2025

share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x Musreau 05-09 Battery: Completed 10% below budget and ahead of schedule. billion Funds Flow: $1.65 billion ($2.81/share)

Sustainable 52

Sustainable Sustainability Basin Operator 52

Oil & Gas 360º

MARCH 10, 2025

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.

Energy 130

Energy Energy Exploration and Production Natural Gas 130

Egypt Oil & Gas

MARCH 25, 2025

Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5 Additionally, 51 recompletion operations will be carried out, along with the completion of 11 exploratory wells.

Petroleum 52

Petroleum Exploration and Production Hydraulic Fracturing Crude Oil 52

Oil Gas Leads

MAY 28, 2025

The strategy focuses on: Capital discipline Optionality in completions Free cash flow preservation If oil prices fall below $55/bbl , SM may pause completions (the costliest phase), preserving capital while maintaining the ability to ramp up when market conditions improve.

Spud-in 52

Spud-in Basin Energy Energy 52

Rextag

APRIL 24, 2025

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

Gas 52

Gas BCF BBL Exploration and Production 52

Oil Gas Leads

MAY 2, 2025

Oil & Gas Contact Directory Flowback Consultants and Well Testers Contact List Completions Engineer Contact List Completions Consultant Contact List Drilling Engineer Contact List Drilling Consultant Contact List The post U.S.

Upstream 52

Upstream Basin Consulting Engineering 52

Rextag

JANUARY 21, 2025

Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. oil production, is advancing in maturity, requiring operators to refine drilling and completion techniques.

IT 40

IT Gas Oil BBL 40

Oil Gas Leads

MAY 11, 2025

Travis Stice Still, Diamondback is producing more with less: Our completions team is completing mid-3,000 feet per day on average… 100 to 120 wells a year per crew is achievable. per well.

Sustainable 52

Sustainable Sustainability Oil Basin 52

Rextag

APRIL 24, 2025

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). That total included: 26,200 bbl /d of crude 22,100 bbl /d of NGLs 140 MMcf /d of gas The Chalk is the backbone of Magnolias portfolio, comprising 93% of its total operated gas volumes and 80% of liquids production last year.

Gas 40

Gas BCF BBL Exploration and Production 40

Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.

Sustainable 52

Sustainable Sustainability Oil Basin 52

Oil Gas Leads

MAY 15, 2025

Efficiency gains in drilling and completions werent one-off miraclesthey were earned through years of uninterrupted execution. Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl. Heres what we found. Consistency Is the Hidden Superpower in U.S.

Gas 52

Gas Oil Basin Operator 52

Rextag

MAY 8, 2025

In Guyana , through its Azule Energy joint venture with Eni, the Agogo FPSO completed construction and is now en route to Block 15/06, enhancing production in Angolas offshore region. Production Breakdown: Oil volumes: 78,675 Bbl/day (58% of total production), up 12.1% sequential increase from Q4 2024. Boe, with cash G&A at $0.87/Boe

Exploration and Production 40

Exploration and Production Energy Energy Basin 40

Rextag

FEBRUARY 24, 2025

In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. in LNG infrastructure expansion, with several new projects advancing toward completion in 2025. Louisiana led the U.S. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024. production.

Basin 40

Basin Oil Gas Exploration and Production 40

Iraq Business News: Oil & Gas

MARCH 20, 2025

bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl (2023: $5.6/bbl), bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),

BBL 64

BBL Exploration and Production Operator Pipeline 64