close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Iraq’s Zubair field to hit peak output in 6 yrs -Eni

Production now at 201,000 bps, field already profitable.

0

December 6, 2010 9:43 by



Iraq’s Zubair oil field will reach its peak output target of 1.2 million barrels per day (bpd) in six years and keep it for another seven years, said Italian oil and gas group Eni , the project’s lead contractor.

The field is already profitable, said Eni, which has a 32.81 percent stake in the project. It said output at Zubair has reached 201,000 bpd, a 9.8 percent rise from when the service contract started on Feb. 18.

“The consortium’s contract cost recovery commences, with the group earning a remuneration fee of $2 per barrel on incremental production,” the Italian group said in a statement on Sunday.

Zubair, one of the biggest oil fields in the Iraq, is located near Basra in the south of the country.

Eni partners in the consortium are Iraqi Missan Oil Company (25 percent) Occidental Petroleum Corp (23.44 percent) and South Korea’s Korea Gas Corp (18.75 percent).

(Reporting by Danilo Masoni)



0

Tags: , , , ,

Leave a Comment