Cameron wins Iraq Rumaila field contract

27 June 2012

US oil service provider secures $100m deal for oil well equipment

The UK’s BP and its partners developing the Rumaila oil field in the south of Iraq have awarded a $100m contract to US oil sector service provider, Cameron.

Rumaila Operating Organisation, the joint venture of state-owned South Oil Company (SOC), BP and the China National Petroleum Corporation (CNPC) awarded the deal for equipment for new wells and the rehabilitation of existing wells, along with aftermarket services for the next three years, according to a 26 June statement.

According to MEED Insight’s Iraq Oil & Gas Project Market 2012 report, the Rumaila field currently has more than 800 wells, including 550 oil producing wells and more than 150 injection wells, which feed 10 gathering centres and degassing stations. Just over half the wells are currently flowing.

BP plans to increase the number of wells in a major drilling campaign deploying between 20 and 25 drilling rigs and numerous work-over rigs.

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