Production and export operations at the Garraf [Gharraf] oil field in southern Iraq have been suspended following a force majeure declaration by the Iraqi government, according to Japan Petroleum Exploration (JAPEX).
In a statement to the markets on Friday, the company said that there is currently no clear timeline for the resumption of production or shipments, preventing any near-term revenue expectations from the project.
JAPEX participates in the Garraf field through its subsidiary, Japex Garraf Ltd., in partnership with Malaysian operator Petronas.
The suspension affects both upstream production and associated export activities at the field.
