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Zubair Oil Field Development Project
The Zubair oil field is located in southern Iraq, approximately 20km south-west of Basrah, Iraq. Discovered by Basrah Petroleum Company in 1949, the onshore oil field contains 4.5 billion barrels of proven reserves. The field is being redeveloped by a consortium comprising Eni (32.81%), Oxy (23.44%), KOGAS (18.75%) and Missan Oil Company (25%). The consortium was awarded the field license in October 2009 for a period of 25 years. Holding the biggest share in the consortium, Eni started operating the oil field in early 2010. The field currently produces about 360,000 barrels of oil a day. The redevelopment project is expected to increase the fields production capacity to 850,000 barrels of oil a day by 2018.