Rumaila on the rise
After steady production gains, Iraq's largest oil field is mobilizing for further work even as its developers renegotiate the parameters of the contract.
A worker climbs a drilling rig at the Rumaila oil field in Basra. (BEN VAN HEUVELEN/Iraq Oil Report/Metrography)
RUMAILA - Iraq's largest oil field is on track to average 1.45 million barrels per day (bpd) this year - a steep increase that comes despite plans to cut its production plateau target from 2.85 million bpd to as low as 2 million bpd.
When BP and PetroChina signed the 2009 technical service contract for the development of Rumaila, the 17.7 billion barrel field was producing just under 1 million bpd and that rate was declining by 10 percent per year. Now, the Rumaila Operating Organization (ROO) - the umbrella entity that runs the field - plans to reach 1.6 million bpd by the end of the year, according to Salah Mohammed, the ROO deputy general manager.
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