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Siba
Overview
Field and Infrastructure Layout
Source: Company filing, GCA report.
(1) Contract expiry in 2032. (2) New/amended contract would be required; this would be at the discretion of the Iraq government. (3) Farm-out completion subject to pre-emption rights and government
approvals.
(4) Oil exploration not included in the current licence; separate licence would need to be agreed with the government.
Gas field at development stage with a 20-year service
contract
(1)
and an optional 5 year extension period
Current shortage of gas for power generation in
southern Iraq expected to provide a ready market
for gas
Condensate production remunerated under the same
terms as the contracted gas offtake
Further upside to reserves and scope to increase the gas
offtake quantity
(2)
Farm-out of 15% revenue WI/20% cost WI to EGPC
announced in October 2016
(3)
Potential for future oil exploration
(4)
Field Development Update
Overall project progress around 87%
First gas and full contracted production targeted for 2017
and 2018, respectively
Three wells drilled and ready to produce; supply pipelines
completed
Zubair
Al Fao
Depot
Khour Al Zubair
Depot
Dry gas pipeline
LPG pipeline
Condensate pipeline
Existing Condensate pipeline
Transfer Points
Process Facilities
Contracted gas offtake of 100 mmscf/d
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