QatarEnergy dives in on Iraqi gas consortium
Iraq The consortium will consist of TotalEnergies as operator with a 45% stake, QatarEnergy with a 25% share and local energy player Basra Oil Company with a 30% share.
The new company intends to move on the USD 27-billion Gas Growth Integrated Project that was created in September 2021 to maximise gas recovery in the Basra region.
The project consists of four components: a gas treatment facility with a capacity of 17 mcm (600-mcf) per day linking the Ratawi, Majnoon and West Qurna 2 fields; construction of a seawater treatment facility with a capacity of 5 million barrels of water per day; development of the Ratawi field that is expected to produce 210,000 bopd; and development of a 1-GW solar power facility.
The partnership is subject to regulatory approvals.
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