Iraq: Garraf Project

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This is a project to develop and produce crude oil at Garraf Oil Field in the southern Iraq.

JAPEX has been engaged in the crude oil development and production ay Garraf Oil Field in Iraq since it acquired production and development rights in 2009 jointly with the operator PETRONAS, Malaysia's state-owned oil company.

Overview

In production: Approximately 127,000 barrels per day (Average of Apr. 2022 - Mar. 2023)
Additional development: Development work underway to increase crude oil production to 230,000 barrels per day

Garraf Oil Field Central Production Facility

Basic Information

Name: Garraf Oil Field
Location: Dhi Qar Governorate, Iraq
Operator: PETRONAS Carigali Iraq Holding B.V. (PCIHBV)
Project Company: Japex Garraf Ltd. (Consolidated subsidiary, investment ratio 55%)
Participating Interest: PCIHBV (45%), Japex Garraf Ltd. (30%/JAPEX net 16.5%), North Oil Company (25%)

Location of Garraf Oil Field (Dhi Qar Governorate, Southern Iraq)

History

December 2009: Acquired production and development rights jointly with the operator PETRONAS
January 2010: Signed a development and production service contract with South Oil Company, Iraq's state-owned company
August 2013: Started crude oil production
- November 2013: Certified for commercial production by the Iraqi Ministry of Oil
April 2018: Started additional development work for increasing oil production to 230,000 barrels per day