TotalEnergies begins construction on final two major projects of Iraq’s gas growth plan

[Head office of TotalEnergies oil company in La Defense business district.]
olrat

Executives from TotalEnergies (NYSE:TTE [https://seekingalpha.com/symbol/TTE]) and QatarEnergy met with Iraqi leaders in Baghdad on Sunday to announce the start of construction on a major seawater supply project and the full development of Iraq’s Ratawi oil field.

These are the two last major contracts of the Gas Growth Integrated Project (GGIP), led by TotalEnergies (45%, operator) alongside its partners Basra Oil Company (30%), and QatarEnergy (25%).

With these signatures, all four parts (natural gas, solar, oil, and water) of the GGIP are now in the execution phase.

The Ratawi redevelopment was launched in September 2023. Phase 1 aims to increase production to 120,000 bpd and is expected to come on stream by early 2026, and the launch of phase 2 (full field development) will enable the increase of output to 210,000 bpd starting in 2028 with no routine flaring.

All 160 Mcf/d of associated gas produced every day will be fully processed thanks to the 300 Mcf/d Gas Midstream Project (GMP), whose construction began in early 2025.

The GMP, which will also treat previously flared gas from two other fields in southern Iraq, will deliver processed gas into the national grid, where it will fuel power plants with a production capacity of approximately 1.5 GW, providing electricity to 1.5 million Iraqi households.

An early production facility to process 50 Mcf/d of associated gas will start in early 2026 together with the Ratawi phase 1 oil production, the company added [https://seekingalpha.com/pr/20231323-iraq-totalenergies-launches-the-construction-of-the-final-two-major-projects-of-the-ggip].

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