Iraq Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies
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Iraq Oil and Gas Exploration and Production Market Report Overview
The production of crude oil and condensates in 2024 is expected to be 5.65 million barrels per day (mmbd). On the other hand, the production of natural gas during the year is expected to be 1,539 million cubic feet per day (mmcfd). The growth of natural gas production is reliant on Iraq’s ability to reduce the flared volumes of associated gas by allocating further investments to gas-capturing facilities. Most of Iraq’s gas resources are associated with oil. However, due to the lack of gas-capturing facilities, the country is considered the world’s second-biggest flaring country after Russia, burning nearly 40% of its gas production.
The Iraq oil and gas exploration and production (E&P) market research report provides an oil and gas production outlook by assets, terrain, and major companies. The report offers key details of active and upcoming oil and gas assets in the country. Furthermore, the detailed report covers crucial information about the recently licensed block details and other latest discoveries. In addition, insights regarding the latest mergers & and acquisitions related to the Iraq oil and gas E&P sector are provided in this report.
| Forecast Period | 2024-2029 |
| Key Terrains | · Onshore |
| Key Assets (Gross Crude Oil and Condensate
Production) |
· Rumaila
· West Qurna-1 · Zubair · West Qurna-2 · Majnoon |
| Key Assets (Marketed Natural Gas Production) | · Khor Mor and Chemchemal
· Gilabat-Qumar and Khashim Ahmer-Injana · Ajeel · Garraf · Nasiriya |
| Leading Oil & Gas Companies | · Ministry of Oil, Iraq
· Dhi Qar Oil Co · KAR Group · Crescent Group Holdings Ltd · Dana Gas |
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Iraq Oil and Gas E&P by Terrains
All of Iraq’s crude oil production comes from onshore fields with oilfields in the southern province, Al Basrah, accounting for approximately 70% of the country’s total petroleum production.
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Iraq Crude Oil and Condensate Production by Assets
A few of the key assets in terms of Iraq’s crude oil and condensate production are Rumaila, West Qurna-1, Zubair, West Qurna-2, and Majnoon, among others. In 2024, Rumaila emerges as the asset with the highest crude oil and condensate production capacity in Iraq.
Iraq Crude Oil and Condensate Production by Assets, 2024 (%)
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Iraq Marketed Natural Gas Production by Assets
A few of the key marketed natural gas production assets in Iraq are Khor Mor and Chemchemal, Gilabat-Qumar and Khashim Ahmer-Injana, Ajeel, Garraf, Topkhana, and Nasiriya, among others. In 2024, the Khor Mor and Chemchemal field garners the largest marketed natural gas production capacity share in Iraq.
Iraq Marketed Natural Gas Production by Assets 2024 (%)
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Iraq Oil & Gas Exploration and Production Market - Competitive Landscape
A few of the leading companies in the Iraq oil & gas market are:
- Ministry of Oil, Iraq
- Dhi Qar Oil Co
- KAR Group
- Crescent Group Holdings Ltd
- Dana Gas
Iraq Oil and Gas Market Analysis by Companies, 2024
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Segments Covered in the Report
Iraq Oil and Gas Production Terrains Outlook (2024-2029)
- Onshore
Scope
The report provides:
- Iraq’s oil and gas production outlook by assets, terrain, and major companies.
- Key details of active and upcoming oil and gas assets in the country.
- Recently licensed block details and latest discoveries.
- Latest mergers and acquisitions related to the E&P sector in the country.
Reasons to Buy
- Gain a strong understanding of Iraq’s E&P sector.
- Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed block details, and discoveries.
- Assess your competitor’s production outlook and licensed block details in the country.
- Analyze the latest M&A landscape related to the country’s E&P sector.
Table of Contents
Table
Figures
Frequently asked questions
-
What is Iraq’s crude oil and condensates production capacity in 2024?
The production of crude oil and condensates in 2024 is expected to be 5.65 million barrels per day (mmbd).
-
What is Iraq’s natural gas production capacity in 2024?
The production of natural gas during the year is expected to be 1,539 million cubic feet per day (mmcfd).
-
Which crude oil and condensate production asset has the highest capacity as of 2024?
As of 2024, Rumaila has the highest crude oil and condensate production capacity in Iraq.
-
Which natural gas production asset has the highest capacity as of 2024?
The Khor Mor and Chemchemal field garners the largest marketed natural gas production capacity share in Iraq as of 2024.
-
Which are the leading oil and gas companies operating in Iraq?
A few of the major oil and gas companies operating in Iraq are the Ministry of Oil, Iraq, Dhi Qar Oil Co, KAR Group, Crescent Group Holdings Ltd, and Dana Gas among others.
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