Oil and Gas Fields: Rumaila

ScreenHunter_1249 Nov. 25 16.24By Patrick Schmidt.

Name: Rumaila

Controlled by: Ministry of Oil (Baghdad).

Location: In the Basra region, about 20 miles from the Kuwaiti border.

Discovery: 1953

Reserves:  17.7 billion barrels of oil.

Size: 38 kilometers long and 12 kilometers wide.

Quality: The oil is sweet (low in sulphur) and around 34°API Gravity.

Developed by: BP (38%), CNPC (37%), Iraqi state-owned South Oil Company (SOC) (25%).

Contract granted: 2009

Contract duration:  20 years.

Remuneration: $2.00 per barrel of oil.

Plateau production target:  In 2014, the final production target was revised down from 2.85 million barrels per day (bpd) to 2.1 million bpd by 2016.

Other companies involved in the development:  Petrofrac, China Petroleum and Engineering Construction Corporation (CPECC), Frontier Pitts, Baker Hughes, G4S, Schlumberger, Crescent, WorleyParsons, Frazer-Nash Consultancy, Cameron, Amec Foster Wheeler, Zhongman Petroleum and Natural Gas Group (ZPEC).

For latest news on the project please click here.

A full list of oil and gas fields controlled by the Ministry of Oil in Baghdad can be found here.

Rumaila production