The company expects the oil field production to reach an average of 70,000 barrels a day in the first phase and subsequently increasing to 535,000 barrels of oil per day.
The consortium has a 20-year concession deal with Missan Oil Company for the development of the Halfaya oil field in the Missan governorate, 35km southeast of Amara city.
Total Exploration & Production president Yves-Louis Darricarrère said this first step of production from Halfaya marks a landmark milestone in the development of the field.
"In working with its partners PetroChina and Petronas on the Halfaya oil field, Total will also further strengthen its international partnership with world-class national oil companies" he added.
The operator PetroChina holds a 18.75% interest in the consortium, while Total and Petronas Carigali each have 18.75% and Iraq’s State Partner South Oil Company owns 25%.
