Iran plans to double Halfaya oil field output

As per Reuters report, “Iraq has launched the third and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000 barrels per day.”

“Halfaya, operated by PetroChina, is Maysan Oil's largest field, producing 200,000 of the company's total output of 380,000 bpd”, said Adnan Noshi, head of Maysan Oil Co.

“Expansion at Halfaya should raise Maysan's overall output to nearly 600,000 bpd in 2018,” he said.