Multi-client Study: Iraqi Oilfield Markets
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 Wellsite engr, constr, mgt | Fuel,Chem,Util,Water Surface M&R | Export Pumping 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 | Matl, Constr, Mgt |
| Fishing | Pipe | Gas Dehydration | |
| 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.
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