Iraq’s Rumaila field to expand production

31 January 2010

Up to 1.1 million barrels-a-day by July

Iraq’s Rumaila oil field will produce an extra 100,000 barrels-a-day (b/d) by July, according to Falah Alamri, head of Iraq’s State Oil Marketing Organisation, Reuters reports.   

The super-giant field contains an estimated 17bn barrels of crude reserves. Production in 2009 was 1m b/d.

In November, UK oil major, BP and China National Petroleum Company signed a 20-year development contract for the field. The two companies plan to invest $15bn over the 20-year duration of the contract.

You might also like...

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications