Buzurgan-Fao oil pipeline is an existing oil pipeline, running from Buzurgan The pipeline runs from Buzurgan oilfield, Maysan governorate. The Missan Oil Fields comprise the Abu Ghirab, Buzurgan and Fuqua oil fields, which are located in the southeastern province of Missan. The Maysan oil fields (also known as the Missan Oil Fields) are a city and include Abu Ghirab, Jabal Fauqi (Fakka) and Buzurgan oil fields.

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It should be understood that any evaluation, particularly one involving future improvement developments, may be subject buzurgna significant variations over short periods of time, as new information becomes available and perceptions change.

Iraq: CNOOC close to signing Missan oil field deal

A total of 23 wells have been drilled in this field, including two wells that have been completed in both reservoirs. Cumulative oil production from the three fields to December, is MMstb. All the seismic lines were reviewed and the issues encountered were inventoried by field.

Under the terms of the TSC, the Contractor is entitled to use any quantity of Associated Gas from the oil reservoirs necessary for Petroleum Operations and for power generation. Some support equipment or facilities may serve ubzurgan or more oil and gas producing.

In the absence bkzurgan data on fluid contacts, proved quantities in a reservoir are limited by the lowest known hydrocarbons LKH as seen in a well penetration unless geoscienceengineering, or performance data and reliable technology establishes a lower contact with reasonable certainty.

In this regard, it is noted again that the reserves estimates included in this report are limited to volumes produced from operations planned under the 3-year Rehabilitation Plan and as such are expected to be superseded by a revised assessment when the redevelopment activities proposed under the ERP has been approved by MOC and implementation of the plan initiated. Based on the lithological heterogeneity, the complex geometries, and both early and late diagenetic alterations, the Asmari Reservoirs are classified in four main stratigraphic reference types: Buzurgan began to produce in earlyfirld later Abu Ghirab Field was also put on production in the same year.

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Seven of the producing wells have had water production so farusually in very small percentage; there are reasons to believe that the natural fracture system has played a role in the flow of water towards the buzuryan. The Iraqi Fiield Ministry has concluded talks with CNOOC and its partner, Sinochem International Corprelating to the development of the three Missan fields in southern Dield and has submitted a draft contract to the cabinet for final approval, said one official familiar with the talks.

If awarded, Missan would bring to 11 the number of deals signed with international companies from the first and second bidding rounds held last year. Cumulative oil production to end December2 0 11 was 89 MMstb, which represents 1 0.

A total of 65 production wells have been drilled in buzutgan Missan fieldsof which 40 are currently active. The average oil flowrate for the four wells drilled in the Buzurgan Field in 2 0 11 was around foeld8 0 0 bopdwith three of the four wells flowing between 20 0 0 and 2, bopd. By reservoironly 2 of the 12 wells shut-in are completed in the Misrif Formationdemonstrating the higher complexity of the oil – water system in the Asmari Formation.

It was recognized however that a complete reconciliation of all matters was beyond the scope of this study. As of December2 0 11there were 21 wells in production3 of which have dual completions producing from more than one reservoir section BU – 6, BU – 12BU – A list of commonly used terms in the oil and gas industry.

Wells are producing on natural flowing mode. Based on reservoir pressure measurements and other available information, the Asmari shows better reservoir quality and stronger water drive than the Mishrif.

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Iraq: CNOOC close to signing Missan oil field deal

Iraq has set a minimum production plateau target ofbarrels a day from the Missan fields, which are producingbarrels a day.

CNOOC holds buzjrgan In order to do thisGCA interpreted 14 wells from a total database of the 72 well interpretations that had been provided.

Production from the three fields was suspended in October, and resumed in June The procedure was complicated by the presence of several types of lithologyincludingshale, sandstone, limestone, dolomite and anhydrite. Estimates of oil and gas reserves prepared by other oio may differperhaps materiallyfrom those contained within this report.

The contract formally came into force on 20 th December, Portions of the reservoir that do not meet this reasonable certainty criterion may be assigned as probable and possible oil or gas based on reservoir fluid properties nuzurgan pressure gradient interpretations.

Existing study shows that the influence of the tectonic events on petroleum entrapment is particularly important in the Dezful Embayment of the ZSFB. The method of estimating reserves or resources is called deterministic when a single value for each parameter from the geoscience, engineeringor economic data in the reserves calculation is used in the reserves estimation procedure.

Oil and Gas Fields: Maysan Oil Fields

Missan is located km southeast of Baghdad, Iraq Figure 0. Some anhydrite and lithic and limy sandstones also occur within the Asmari Formation. The Asmari Formation deposited during the Oligocene-Miocene.