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 (%)
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 (%)
Iraq Marketed Natural Gas Production by Assets 2024 (%)Buy the Full Report for More Insights into Key Assets in Iraq’s Marketed Natural Gas Production
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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
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

  • 1. Table of Contents
  • 2. List of Tables
  • 3. List of Figures
  • 4. Iraq Exploration and Production Sector

    • 4.1. Iraq Exploration and Production Sector, Oil and Gas Production Outlook
    • 4.2. Iraq Exploration and Production Sector, Marketed Natural Gas Production by Terrain
    • 4.3. Iraq Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets
    • 4.4. Iraq Exploration and Production Sector, Marketed Natural Gas Production by Assets
    • 4.5. Iraq Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies
    • 4.6. Iraq Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies
    • 4.7. Iraq Exploration and Production Sector, Upcoming Oil and Gas Asset Details
    • 4.8. Iraq Exploration and Production Sector, Exploration

      • 4.8.1. Iraq Exploration and Production Sector, Exploration Details, Exploration

  • 5. Recent Contracts
  • 6. Appendix

    • 6.1. Methodology
    • 6.2. Coverage
    • 6.3. Secondary Research
    • 6.4. Contact Us

Table

Iraq, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2023-2029 7

Iraq, Marketed Natural Gas Production by Terrain (mmcfd), 2023-2029 8

Iraq, Gross Crude Oil and Condensate Production (bd), by Assets, 2023-2029 10

Iraq, Marketed Natural Gas Production (mmcfd), by Assets, 2023-2029 13

Iraq, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2023-2029 15

Iraq, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2023-2029 18

Iraq, Upcoming Oil and Gas Field Assets Details 20

Iraq, Recently Licensed Block Details 21

Recent Contracts 22

Recent M&A Activity 26

Figures

Iraq, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2023-2029 7

Iraq, Marketed Natural Gas Production by Terrain (mmcfd), 2023-2029 8

Top 10 Fields in Iraq by 2023-2029 Crude Oil Production 9

Top 10 Fields in Iraq by 2023-2029 Natural Gas Production 12

Top 10 Companies in Iraq by 2023-2029 Crude Oil and Condensate Production 14

Top 10 Companies in Iraq by 2023-2029 Natural Gas Production 17

Iraq, Upcoming Oil and Gas Assets by Production Start Year 2024-2029 19

Frequently asked questions

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