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: Rumaila
1st Bid Round Model Contract (PFTSC)
Producing Field Technical Service Contract
Thamir Al-Ghadhban
Thamir al-Ghadhban, former Iraqi Minister of Oil and Chairman of the Advisory Commission at the Prime Minister’s office, gives his take on the latest developments in Iraq’s oil sector and analyses future trends in an interview in Baghdad with Ruba Husari. Q: How do you expect a new government following the March 7 legislative elections to deal with the signed contracts? Is there a risk that the legality of those…
Race Against Time
Since the Rumaila service contract entered into effect on Dec.17, BP and the Rumaila operating division of SOC have not been wasting any time. They held the first joint management committee meeting on Jan.20, decided on a $1.7 billion budget for 2010, and launched the first tenders for drilling and supply contracts. The target is to add between 150,000-200,000 b/d by December 2010 and rehabilitate the gas oil separation facilities…