28 April 2010 - Bloomberg BP Plc will be paid in crude for its investment costs in an Iraqi contract that offers about the same rate of return as other projects worldwide, Chief Executive Officer Tony Hayward said. BP and China National Petroleum Corp. are spending about $15 billion in Rumaila, Iraq’s largest oil deposit, pledging […]
Tag Archives | Rumalia
Tags: BP, CNPC, Daqing, Iraq Drilling Company, Rumaila, Rumalia, Schlumberger, Weatherford
CNPC: Rumaila Oilfield Output up 10% by Year-End
By GavinJones on 20th April 2010 in Iraq Oil & Gas News
A consortium led by China National Petroleum Corp. and U.K. oil major BP PLC plans to increase crude oil production from the field by 10% by the end of this year.
BP Partners Net Iraq Oilfield Contracts Worth $500m
By GavinJones on 6th April 2010 in Iraq Oil & Gas News
Three contractor groups were selected for drilling wells, worth a total of around $500 million and 2 two-year contracts, worth a total of around $100 million, have been awarded for the supply and installation of electrical submersible pumps and associated services.
Tags: BP, drilling, Iraqi Drilling Company, Rumalia