Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Eni Reaches Key Production Target at Zubair Oil Field in Iraq

Dec. 5 (Bloomberg) -- Eni SpA has reached a key production target at its Zubair oil field in Iraq.

Production at the field near the city of Basra has increased to 201,000 barrels a day from 183,000 when Eni and its partners took over management of the field in February, the Rome-based company said in an e-mailed statement.

“With this successful increase in production, the consortium’s contract cost recovery commences, with the group additionally earning a remuneration fee of $2 per barrel on incremental oil production,” Eni said.

The Eni-led group plans to boost production at the field to 1.2 million barrels a day within six years and maintain that level for another seven years, according to the statement.

Eni controls almost 33 percent of the group managing the project, while Iraqi Missan Oil Co. owns 25 percent, Occidental Petroleum Corp. has 23 percent and Korea Gas Corp. holds almost 19 percent, Eni said.

To contact the reporter on this story: Andrew Davis in Rome at

To contact the editor responsible for this story: John Fraher at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.