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….
Tag: reservoirs
The BP Prize
Once again, the results of Iraq’s first bid round proved that access to Mideast oil comes at a premium to international oil companies. Call it an entry fee for securing a foot in this vast oil hub. The prize is the giant Rumaila fields which despite producing since 1954 for South Rumaila and 1972 for its northern extension, still carry a huge potential but not without challenges. Oil in place…
Iraq Awards Studies for Top Reservoirs
18 January 2005 Iraq’s oil ministry has awarded contracts for reservoir studies at its giant Kirkuk and Rumaila oil fields to UK major BP and UK-based Exploration Consultants Ltd. (ECL), a senior Iraqi official said Friday. Royal Dutch/Shell will also play a supporting role to the oil ministry on the Kirkuk study under a technical service agreement, the official added — which will include the Anglo-Dutch major financing that field’s…
Iraq Sets Up Reservoir Data Center as Studies Get Under Way
18 February 2005 Iraq’s oil ministry has launched its first reservoir study center, as it gears up to work with international companies BP, Exploration Consultants Ltd. (ECL) and Royal Dutch/Shell on landmark reviews of its key Rumaila and Kirkuk oil fields, according to an Iraqi oil official. The center, established by the ministry’s reservoirs and field development department, is the first in Iraq, and has already been equipped with workstations…