Russia’s Gazrom said Wednesday that its third well at the Badra oilfield in Iraq has been brought into production.
The well is expected to produce at least 15,000 barrels per day.
Drilling of a further three wells at the Badra field is continuing under a contract previously concluded with China’s ZPEC.
“Initial results from the prior drilling of three wells at the Badra field have revealed this deposit to have one of the most complex geological structures in Iraq,” Gazprom said.
The field achieved first oil in December 2013 and has been in commercial production since August 2014.
Production at Badra is expected to top 170,000 bpd.
In November, the producing consortium met a key condition of its development contract terms with the government of Iraq by sustaining a 15,000 barrel per day production volume for 90 days.
Gazprom and other project participants expect to start receiving their share of Badra oil production as early as the first quarter of 2015.
Iraq’s State Oil Marketing Organization is the operator of the field.
Gazprom holds a 30 percent stake in the project.
South Korea’s Kogas holds a 22 percent stake, Malaysia’s Petronas holds a 15 percent stake, and Turkey’s TPAO holds a 7.5 percent stake.