Syrian Petroleum Company Loses 252M Barrels of Crude in H1 2018

Syrian Petroleum Company Loses 252M Barrels of Crude in H1 2018

The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft, Al-Watan reported (via The Syrian Observer).

A company report seen by Al Watan revealed the startling figures, which amount to losses of more than billion (SYP 2.

6 trillion). Material losses stemming from looting, sabotage and the theft of equipment reached nearly $107 million (SYP 55 million).

In the same period, the company said that roughly 1,700 barrels per day (b/d) were produced from the Wadi Abeed field, 180 b/d from al-Kharata field, and 90 b/d from al-Mahash field.

The company affirmed its efforts to repair a number of wells to increase oil production from the Deir ez-Zor area, recently reclaimed by pro-government forces.

The company has drilled three wells in the area — Sadad 9, Qara 3, and Abou Ribah 20 — which are now operational. Repairs were also concluded on five wells — Zamla 1, Qara 1, Zamla 2, Breij 1, and Debeesan 1.

The total Syrian crude production for the first half of 2018 has reached about 9.15 million, with average rate of 50,500 b/d. The total figure includes 6.9 million barrels of Hassakeh heavy crude oil, 390,400 barrels of medium heavy crude, 1.7 million of al-Jabsa heavy crude, and 147,500 barrels of al-Mahash heavy crude.

The country’s total gas production in the first six months of 2018 reached 1.748 billion square meters, with an average daily output of 9.66 million square meters.


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