Its reserves are 15 billion barrels of oil. Everything you want to know about the East Baghdad field
SumeriaNews – Economy
It is an eastern fieldBaghdadOne of the most important and largest oil fields in Iraq, as it recently witnessed a huge discovery that raised its reserves to 15 billion barrels.
This discovery contributes to strengthening the status ofIraqAmong the world’s leading oil producers, it opens up new horizons to boost production and increase revenues.
The Wasat Oil Company, in cooperation with ABS, announcedChinese(EBS), on January 20, 2025, a new achievement by adding more than two billion barrels to the field’s oil reserves.
This came after successful drilling operations revealed a large oil column containing medium and light oil.
This discovery represents the largest increase in crude oil reservesIn the middle IraqFor decades, what has been the focus of strategic attention for the energy sector, with in-depth studies to develop plans to take advantage of this wealth and maximize production.
Information about the Sharq fieldBaghdad
East FieldBaghdadIt is one of the most promising fields, and ranks fifth in the list of the largest oil fields in Iraq, according to the size of reserves.
The field extends in length of more than 120 kilometers, and a width of between 5 and 7 kilometers, and is located within an area that extends from the east of the city of Essaouira to the Nabai area, passing east of the capitalBaghdad.
The geographical areas of the field are divided into 3 main parts: the northern extensions, which include the Naba’i area, the northern part, which includes residential and taji areas, and the southern part, which is located south of the Diyala River.
These areas are rich in oil reservoirs that contain complex geological structures, which makes extraction and development operations more challenging, according to the specialized energy platform, citing statements by the director of the Southern Region Operations Department of Al-Wasat Oil Company, Firas Fawzi Fazil.
Sharq Field ReservesBaghdad
The general manager of the Central Oil Company, Mohammed Yassin Hassan, confirmed that this discovery raises the total reserves of the Sharq fieldBaghdadto 15 billion barrels, compared to 13 billion barrels before the last discovery.
Hassan explained that the latest discovery is the biggestDiscoveryFor oilIn the middleIraq, as this increase represents a major development that contributes to supporting the Iraqi oil sector and enhancing national revenues.
In turn, the supervisor of the undersurface development operations, Haider Qais Mahmoud, said that the reserve installed in the field at the time of signing the development contract with EBS in 2018 was around 7.5 billion barrels, but exploration and evaluation operations doubled this figure to 15 billion barrels.
Power Plant Feeding
The Sharq field contributesBaghdadEnhancing fuel supply for power plantsIn the middleAnd south of Iraq, with current production rates reaching 50,000 barrels per day, and part of the production is directed to the Jerusalem power plant.
In addition, another part of the production is transferred to the Zubaidiya thermal plant in Wasit, while the remainder goes to the Al-Doura refinery to be refined into oil derivatives.
According to Fadel, the EastBaghdadIt is one of the most promising fields, as EBS has succeededChineseEBS in cooperation with COSL in drilling the EBD evaluation well, which reached 13 producing layers of the Zubair configuration, with a production average of 5,000 barrels per day.
Geological structure of the eastern fieldBaghdad
Geologically, an Eastern fieldBaghdadA convex fold affected by multiple longitudinal and transverse flaps, which led to its division into sections containing different levels of oil.
The main reservoirs of the field include the reservoirs of the sle and the fertile from the upper era, and the formation of Zubair from the lower Cretaceous era, where cretaceous oil communities are distributed along the field.
In a related context, Mohammed Yassin Hassan pointed out that the flow of oil from the field is characterized by high production, as the average daily production of the recently discovered well reached 5,000 barrels of crude oil, adding that the continuous development processes promise the possibility of achieving more discoveries in the coming years.
StatusIraqIn the global energy market
It is an eastern fieldBaghdadOne of the strategic fields that support the status ofIraqIn the global energy market, especially with the rise in demand for oil.
The Iraqi government is working in cooperation with foreign companies to accelerate development processes to increase production, which contributes to strengthening the role ofIraqWithin OPEC, which isIraq SecondIts largest oil producer.
In addition to strengthening reserves, the latest discovery is an important step towards achieving the goal ofIraqIn reaching higher production levels in the coming years, which enhances economic stability and supports energy infrastructure projects.
It also contributes to strengtheningCooperationAmong national and international companies in the oil sector, which creates new job opportunities and supports sustainable development in the country.
Conclusion
Represents an eastern fieldBaghdadA huge oil wealth contributes to strengthening the Iraqi economy, and this new discovery confirms the great oil potential that the country has.
As drilling and development continues, the field is expected to play a key role in achieving ambitionsIraqoil, and increase its production to meet local and global demand.
Source: Specialized Energy Platform