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Multi-client Study:
Iraqi Oilfield Markets
 

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Wars, conflicts, trade sanctions and regime changes in Iraq have had a dramatic impact on the oil production capacity of the country.  Deprivation of oilfield equipment, services, foreign capital and technology has left many Iraqi fields damaged and newly discovered fields undeveloped.  Iraq holds over 100 billion barrels of oil reserves with a production cost that is among the lowest in the world.  This makes Iraq a highly attractive investment opportunity for exploration and production companies and for equipment and service firms.

Redevelopment of Iraq’s oil fields will take years but forecasts of their production profile is expected to more closely reflect their enormous reserve base rather than their previous production performance.  It is believed that in time Iraq could provide the world markets with 6 million barrels a day of oil.  Though there are many political hurdles to achieve this production rate, the technology and capital are anxiously awaiting the opportunity.

In this study, Spears and Associates uses an in-house model to estimate spending on exploration and production equipment and services (EPES) required to reach 6 mmbopd.  The model is based on Iraqi field parameters.  The analysis is conducted on a field-by-field basis then summarized into spending categories.  It includes details on 15 delineated but undeveloped fields that hold reserves of 40 billion barrels plus producing and unexplored areas for a total 100 billion barrels of oil. 

The report provides analysis and a spending estimate for 45 equipment and service market segments.  

Market Segments Analyzed

Seismic:

Well Completion:

Operations:

Facilities (continued):

Acquisition

Flowlines material

Daily Opr (pers, Insr, O/H)

Pressured Storage

Processing

Flowline Construction

Fuel,Chem,Util,Water

Export Pumping

 

Wellsite engr, constr, mgt

Surface M&R

Gas Compression

Drilling:

Packers

Subsurface M&R

Wtr Injection

Mob/Demob

Stimulation

WO/Service rig spending

Prod Wtr treat/disp

Rig Cost

Wellheads & Xmas Trees

 

Safety/Control/Util

Drill Bits

DHSV

Facilities:

Liquid Export Meter

Mud Cost

Casing & Tubular Cost

Manifolding

Gas Metering

Directional Services

 

Separation

Power Gen/Distr

Tools

Pipelines:

Liquid Dehydration

Design/Proj Mgt

Fishing

Pipe

Gas Dehydration

Matl, Constr, Mgt

Logging Cost

Construction

Acid Gas Removal

 

Cement

 

Liquids Recovery

 

Supervision Cost

 

Atm Storage

 

The table of contents is available for viewing and it list the individual fields analyzed.  The cost of the report is US$1,500 and it can be emailed immediately via Adobe pdf format or shipped as a bound, printed copy. To order, please use the form below.  

Ordering

To order or learn more about this Report, please use one of the following forms:
  
Download and fax the order form (Adobe pdf format): 
Iraqi Oilfield Markets  - Order Form

or contact us at:

Spears & Associates, Inc.
5110 South Yale, Suite 410, Tulsa, OK 74135
Phone: 918.496.3434
email: sai@spearsresearch

 

 

Iraqi Oilfield Markets

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