BAGHDAD
Sat Dec 12, 2009 2:17am EST
BAGHDAD (Reuters) - Lukoil and its partner Statoil won a deal to develop Iraq's supergiant West Qurna Phase Two oilfield project on Saturday, Iraqi Oil Minister Hussain al-Shahristani said.
The group said it would accept a remuneration fee of $1.15 per barrel and projected a plateau production target of 1.8 million barrels per day. West Qurna Phase Two has estimated reserves of 12.9 billion barrels of oil.
(Reporting by Missy Ryan, Simon Webb and Ahmed Rasheed, Editing by Ayla Jean Yackley)
Source: http://www.reuters.com/article/idUSTRE5BB0JG20091212
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