Iraq: TotalEnergies Launches the Construction of the Final Two Major Projects of the GGIP

Summary by AI BETAClose X

TotalEnergies, alongside partners Basra Oil Company (30%) and QatarEnergy (25%), has commenced construction on the Common Seawater Supply Project (CSSP) and the full field development of the Ratawi oil field, marking the execution phase of all four parts of the Gas Growth Integrated Project (GGIP). The CSSP will process and transport 5 million barrels of seawater per day to southern Iraq's oil fields, freeing up 250,000 cubic meters of freshwater per day for irrigation. Ratawi's redevelopment aims to increase production to 120,000 bpd by early 2026 and 210,000 bpd by 2028. The 300 Mcf/d Gas Midstream Project, starting construction in early 2025, will process 160 Mcf/d of associated gas, delivering processed gas to the national grid to fuel power plants with a 1.5 GW capacity, providing electricity to 1.5 million Iraqi households.

Disclaimer*

UK 100

Latest directors dealings