Basrah – On the face of it and just listening to Iraqi oil officials describing their new ventures in Rumaila, it would appear as if BP is revolutionizing the way oil is produced in Iraq’s biggest and oldest fields. In reality, much of the work underway aims at reversing the trend of continuous malpractice imposed by years of war and sanctions. This covers all aspects of the production process from…
Tag: drilling
Making Headway in Rumaila
Basrah – The Rumaila oil fields, North and South, are getting their biggest face lift in a long time and at a rate which will see the fields doubling their output within three years to some 2 million barrels per day. At a joint management committee (JMC) meeting last week, the second so far since the Rumaila service contract won by BP and CNPC in June 2009 became effective Dec….
IDC’s Grand Plans
Iraq Drilling Co (IDC) is forging ahead with building its own drilling capacity while waiting for the oil ministry to pick one of its many suitors to establish a new joint venture after the first attempt with Mesopotamia Petroleum faltered last month. “Two years ago no company would come and work in Iraq so we had to go with Mesopotamia even though it had no track record. Today, many reputable…
Rigging vs Drilling
I personally had never heard of Ramco Energy or the man behind it, Steve Remp, before July 2008 when oil minister Hussein Al-Shahristani said to me in an interview in his office in Baghdad that Iraq Drilling Co (IDC) is forming a joint venture with this company that would transform the Iraqi state company into a drilling giant. A quick search and I understood why I could have never heard…