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E&P activity in Kurdistan region/Iraq and energy policy
Shwan Zulal
Head of Consulting
www.carduchi.com
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Highlight the importance of geopolitics in the new emerging oil and gas frontiers.
Discuss various trends and oil and gas reserves and production figures from Iraq and Kurdistan Region.
An overview of the oil and gas discoverers and production challenges
Political dispute between the Erbil and Baghdad and how oil affecting the political dynamics of the region
Potential effects of key political and geopolitical drivers shaping short-and medium-term export prospects
Kurdistan Region/Iraq emergence as an energy player
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Iraq ethnic diversity
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Possible supplier of gas to Turkey and the EU
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Evacuation routes
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Kurdistan Region Gas development• 200 tcf of recoverable natural Gas
• Once domestic demands met, gas will find its way to the Markets.
• Central gas processing facilities are being developed at the Miran gas field.
• By 2016, 6 bcm of gas is expected to be flow to Turkey.
• Domestic gas pipeline network development underway.
• 176-kilometre pipeline takes gas from the Khor Mor field to power generation plants in Erbil and Sulaimaniyah and to Khurmala.
• The pipeline passes close to other gas fields and will have spare capacity to transport additional volumes of gas in the future.
• The gas pipeline will be extended from Khurmala to Fish Khabur, on the border with Turkey.
• A 30-kilometre interconnector pipeline from Summail field to Duhokpower plant is also under construction, so that the plant, which is currently running on diesel/light fuel, will run on gas by November 2013.
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New Pipelines in Kurdistan Region
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Iraq’s Gas
• In 2013, Iraq’s gas production reached 2.2 Bcf/day.
• 1.9 Bcf/day was associated gas produced from the southern fields.
• 400MMcf/day is captured from the south and 300MMcf/day is captured from the north (Not Kurdistan)
• 1.2 Bcf/day is flared
• Kurdistan region has produced 340MMscf from Khor Mor field.
• By 2020 associated gas is set to reach 7 BCF per day
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Iraq’s position on the gas map, the country can potentially provide a cost effective gas IEA
Gas Supply based on oil production scenarios in Iraq
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Source: Geo Gas Iraq. National Energy Strategy
Iraq’s oil production growth
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New strategic vision for the country set to create 10m jobs and spend $600bn on investment as well as bringing in a
revenue of $6tn by 2035 IEA chart
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Investments needed annually IEA
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Oil may help reduce shortfall by 2015! But gas fired generation will need replace it otherwise cost will be
immense IEA
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Iraq’s GDP and Export Revenue
kurdistanconnect.co.uk 15
Companies operating in Iraq, who are the winner?
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Stake Holder planning
Political Risk Management
Monitoring Service
Weekly Energy report
Bespoke service
Due Diligence
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Thank you
Contact:Kurdistan Region/Iraq: +964
(0)7708620986London +44 (0)2082400824Mobile +44 (0)7882933905
