BP and partners are reviving one of the world's largest oil fields
Sites are in Arabic / المواقع باللغة العربية
BP has a long history of oil exploration and production in Iraq. This history stretches back to the 1920s when the company that would eventually come to be known as BP helped Iraq locate, produce and export oil from Baba Gurgur, Kirkuk. This was the largest oilfield in the world at that time. The collaboration in Iraq continued up to the early 1970s, with the Zubair field discovered in 1948 and the supergiant oilfield, Rumaila, in 1953. In 2009, BP became the first international oil company to return to Iraq after a period of 35 years. Between 2003 and 2006, BP had conducted a technical evaluation of the Rumaila field with the Ministry of Oil and in 2009, BP and PetroChina were awarded a technical service contract to increase production at Rumaila, in partnership with the South Oil Company (SOC). Today, BP, PetroChina and SOC are working in partnership to develop Rumaila, the second largest field in the world, estimated to have around 20 billion barrels of recoverable oil remaining. BP is now also working with the North Oil Company (NOC) on the redevelopment of the Kirkuk field, having signed an agreement in September 2013 to provide technical assistance. Kiruk is estimated to have around 9 billion barrels of recoverable oil remaining. BP’s philosophy in Rumaila and in Kirkuk is based on a belief that all our partners have something positive to contribute. We are privileged to be working with the Iraqi people: they bring a significant depth of knowledge and an extraordinary determination to succeed. BP is bringing world-class technology, processes and systems, helping to lay the foundations for long-term success in Iraq.
Rumaila – a summary of progress
The 25-year technical service contract (TSC) was signed between SOC and BP (47.6%), PetroChina (46.4%) and the State Oil Marketing Organisation (SOMO) (6%), which sets out the framework to re-develop Rumaila and significantly increase production output. The Government of Iraq receives about 98% of the revenue from the 25-year TSC. In June 2010, the Rumaila Operating Organization was formed as a joint venture with these organizations, with the remit to operate and redevelop the field, with BP as the lead contractor. In September 2014, the TSC was extended by another five years to service the field through to 2034, with the target of producing 2.1 million barrels per day. Today, more than 7,000 people from SOC, BP and PetroChina (93% of them Iraqi) and more than 22,000 contractors (most of them from Basra) support Rumaila’s operations. BP has invested billions of dollars in new equipment and systems and put global experts to work. For example, 3D seismic surveying, with BP proprietary technology, has given an unprecedented geological understanding of 9,000 cubic kilometres of subsurface terrain. This investment in money and expertise has significantly increased revenues to Iraq, revenues that help Iraq re-build its economy. We believe Rumaila is a model of what can be achieved and it is now one of the largest producing fields in the world. Rumaila is the largest producing oilfield in Iraq Average daily production for 2014 was 1.34 million barrels per day (bpd), part of an ongoing trend that has seen daily production rise from around 950,000 bpd in 2010 when BP began work. Rumaila now delivers more than a third of Iraq’s oil. Since 2009, the safety of the people working on Rumaila has been our number one priority. We have introduced personal protective equipment, been installing ‘Control of Work’ safety processes and over 100 million square metres of land has been cleared of unexploded ordnance, in what was then the largest commercial land clearing operation conducted anywhere in the world.
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BP Iraq NV
C/o BP Group Chertsey Road, Sunbury-on-Thames, Middlesex TW16 7LN United Kingdom
Phone: +44 (0)1932 762 000 Email: email@example.com