The Syrian Petroleum Company has revealed that the total oil losses resulting from delays, production failures and oil theft by terrorists, has now reached 252 million barrels of oil, with a value of 2.6 trillion Syrian pounds, from the beginning of the crisis to the middle of 2018.
A company report for the first half of 2018 (obtained by Al-Watan) revealed that the total value of material losses was about 55 billion pounds as a result of looting, sabotage and the theft of equipment and supplies.
The company noted the efforts to repair a number of wells with the aim of increasing production and improving work following the liberation of a number of oil and gas fields in the central Deir ez-Zor area.
The company said that during the first half of 2018, about 90 barrels of oil were produced daily from the al-Mahash field and 180 barrels a day from the al-Kharata field, with 1,700 per day from the Wadi Abeed field. These fields entered service at the end of 2017 and start of 2018.
The company drilled three wells — Sadad 9, Qara 3, and Abou Ribah 20 — and was able to put them into service and production. Repairs have also concluded on five wells — Zamla 1, Qara 1, Zamla 2, Breij 1, and Debeesan 1.
The production rate of oil has reached about 9.15 million barrels, with an average rate of more than 50,500 barrels per day, during the first half of the year 2018, including 6.9 million barrels of Hassakeh heavy crude oil, and 390,400 barrels of medium heavy crude, and 1.7 million of al-Jabsa heavy crude, and 147,500 barrels of al-Mahash heavy crude.
It production of gas reached 1,748 million square meters at a rate of about 9.66 million square meters, including 1.6 million square meters of free gas and 121,3000 of accompanied gas. The implementation rates of these indicators ranged between 94 and 124 percent following the implementation of the company’s production plan.
The company’s credit for the investment plan was 10.5 billion pounds for 2018, 45 percent of which was implemented in the first half of 2018, with its work focused on exploration, investment, replacement and the renovation of buildings, workers’ housing and renewable energies.
This article was translated and edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.
