Rumaila Oilfield Beats Production Target

The Rumaila Operating Organisation (ROO) has met a major milestone in the re-development of the super-giant field in Southern Iraq by increasing production by more than 10 per cent above the 1.066 million barrels a day (b/d) initial production rate agreed in December 2009.

Meeting this production target, and the approval of the Rumaila rehabilitation plan last year, represents the achievement of two significant contractual requirements of the technical services agreement (TSA) signed between BP, PetroChina, the Oil Marketing Company of Iraq (State Oil Marketing Organisatino – SOMO) and the South Oil Company in November 2009.

Welcoming this milestone, His Excellency AbdulKareem Luaibi [Elaibi], the Minister of Oil, said: “This production increase is an important step for Iraq and demonstrates the success of the contracts awarded, I am very pleased to see the progress for Rumaila and we wish BP, the South Oil Company, PetroChina and all the companies involved further success over the coming years.”

“This is an exciting milestone in the history of Rumaila and is a demonstration of what we can achieve by working in partnership with SOC, BP, PetroChina, and the dedication of our contractors. It is testimony to the efforts of the thousands of people who are working on Rumaila – not just that we have increased production but that we are doing so sustainably and with due regard to safety,” said Rumaila Joint General Manager Salah Mohammed.

2 Responses to Rumaila Oilfield Beats Production Target

  1. Ramon Izquierdo January 12, 2011 at 5:25 am #

    FYI

  2. Murtda ALSayad January 15, 2011 at 1:20 pm #

    This is very good news.