Iraq's South Oil Company, working with the IOCs, has set quarterly production targets for the country's southern oilfields for 2011, according to documents obtained by Reuters. Production is targeted reach an average of nearly 2.3m bpd by Q4 2011. Oilfields Q1 Q2 Q3 Q4 Rumaila 1,175,000 1,201,000 1,226,000 1,250,000 West Qurna 1 260,000 270,000 285,000 […]
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Practical Lessons in Selling to the South Iraq Oil Company article by Gavin Jones – Invoicing, debt collection and more – brought to you by Iraq Business News
More Details on Petrofac Contract
More details are coming to light regarding Petrofac's new contract in Iraq, about which we reported last week. Dow Jones reports that the two crude-oil processing plants will be at Iraq's super giant Majnoon oil field, which is run by Iraq's state-run South Oil Co., Royal Dutch Shell PLC (RDSA) and Malaysia's state-run Petronas, and […]
Baker Hughes and Iraqi South Oil Company Sign Strategic Alliance
Baker Hughes (NYSE: BHI) announced it has signed a three-year strategic alliance with Iraq’s South Oil Company (SOC) to provide technical services to SOC’s wireline logging department in Burj Esya, Basra south Iraq. Under the terms of the technical services agreement (TSA), Baker Hughes will supply wireline technologies to SOC and other Iraqi oil and […]
Oil Espionage: Laptops Stolen
An official security source in Iraqi Oil Intelligence said on Tuesday that four laptop computers were stolen from the legal department of the South Oil Company and were smuggled into Kuwait, and that the company didn’t take any legal action against those involved. According to the report from AK News, the source, who preferred anonymity, […]
Rumaila Oil Output up 10% by End of Year
On July 1, the operational management of Iraq's Rumaila project was officially transferred to Rumaila Field Operating Organization (ROO), a consortium led by CNPC, BP and Iraq's South Oil Company. On July 3, BP, CNPC and Iraq's South Oil Company held a ceremony at Basra to mark the transfer. More than 130 representatives from the […]
Iraq's Nassiriya to Hit 100,000 Bpd in 2014
Iraq expects output at its Nassiriya oilfield to hit 100,000 barrels per day (bpd) in 2014, the head of state-run South Oil Co. (SOC) said on Friday, after the OPEC member decided to develop the field on its own.
Oil Output to Surge in Iraq
Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase One, to reach about 2.1 million barrels per day (bpd) by the end of this year, the head of South Oil Company (SOC) said yesterday.
BP expects a 50% increase in Rumaileh oil production by the start of next year
"The delegation of the British company announced that the production of oil from Rumaileh field will increase by about 10% at the end of the year, while the rate will increase to about 50% at the beginning of next year
Basra Tender on the Table
Companies have until 5 May to prequalify to compete for the rehabilitation and expansion of the existing export facilities and pipelines in the southern oil hub city of Basra, Reuters said.
South Oil Company Tenders - Closing date 15/3/2010
South Oil Company tenders - closing date 15th March 2010