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KAZAN, Russia, June 10 (UPI) -- Russian energy companies Tatneft and Lukoil discussed cooperation in services at an oil field near the southern Iraqi port city of Basra.
Tatneft General Director Shafagat Takhautdinov and Lukoil President Vagit Alekperov met in Kazan, the so-called third capital of Russia, to discuss mutual interests.
"In particular the parties discussed mutual cooperation in providing services in Iraq at West Qurna-2 oil field," a statement from Tatneft read.
Both sides also discussed production methods and pipe materials.
Lukoil and Norwegian giant Statoil in February signed off on the rights to develop the West Qurna-2 oil field near the southern port city of Basra.
Drilling in West Qurna-2 is expected in 2011 with full-scale production slated for the end of 2012. The field should reach a peak production rate of 1.8 million barrels per day by 2017 and sustain that level for more than a decade.
West Qurna-2 holds roughly 13 billion barrels of oil. It is located about 40 miles northwest of the port city of Basra near the outlets to the Persian Gulf.
Lukoil said it plans to dump $30 billion into developing the oil field with its partners at Statoil.
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