TOP > Our Business > International Exploration and Production > Iraq
| Project Company | Japex Garraf Ltd. | |
|---|---|---|
| Field | Garraf oilfield in Southern Iraq | |
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| Activities | The second petroleum licensing round was held by the Iraqi Ministry of Oil in December 2009. JAPEX together with Malaysian state-owned oil company PETRONAS jointly secured the winning bid and acquired the E&P right to the Garraf oilfield located in Southern Iraq. In March 2010, JAPEX established Japex Garraf Ltd. as a project company and consolidated subsidiary to promote development of the Garraf oilfield. Having studied the Garraf oilfield since the latter half of the 1990s, JAPEX will use its broad experience and data to provide comprehensive support to the efforts of project operator PETRONAS during the life of the project. Commercial production is set to commence in 2012, with a production target plateau of 230,000 barrels per day to be achieved in 2017. | |
