West Qurna is believed to hold 43 billion barrels (6.8×10^9 m3) of recoverable reserves – making it one of the biggest oil fields in the world.

[2] In November 2009, an ExxonMobil - Shell joint venture won a $50 billion contract to develop the 9-billion-barrels (1.4×10^9 m3) West Qurna Phase I.

[3] In November 2023, PetroChina took over as the main operator of West Qurna 1, replacing ExxonMobil.

[4] In December 2009, Russia's Lukoil and Norway's Statoil were awarded the rights to develop the 12.88-billion-barrels (2.048×10^9 m3) West Qurna Phase II oil field.

[8] In 2023 Lukoil announced it is planning to double the production of oil from the West Qurna Field 2, to 800,000 bpd.