Peak production estimated at 800,000 b/d in 2027 Field contains 14 bil barrels of recoverable reserves Lukoil has 75% stake in field Iraq’s southern oil field of West Qurna 2, which is operated by Lukoil, is expected to reach peak production of 800,000 b/d by 2027, the country’s oil minister said Nov. 19, as OPEC’s second biggest producer seeks to hit a production capacity of 8 million b/d by the end of that year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ihsan Ismaael didn’t provide current production figures for the field in the interview with state-run Iraqi News Agency. In May 2018, Lukoil signed a new development plan that provides for an oil production plateau of 800,000 b/d, according to the company’s website. West Qurna 2 is one of the world’s largest oil fields with around 14 billion barrels of initial recoverable reserves, […]