Release date: 11 January 2011
Bob Dudley, BP's Chief Executive, has welcomed the achievement of a major production target in Iraq by the Rumaila Operating Organisation (ROO), of which BP is a major shareholder. The ROO has met a major milestone in the re-development of the super-giant field in Southern Iraq, increasing production by more than 10 per cent above the initial production rate.
Bob Dudley said: “BP has a long history in Iraq. Reaching this production milestone is a great achievement and underlines BP’s success in building its presence in the region. Increasing production at Rumaila, the world’s fourth largest oilfield, has been a massive undertaking.
"All parties including BP, Petrochina, SOMO and South Oil Company should be very proud of their achievements. We look forward to working with our partners to make Rumaila the world’s second largest oilfield. This is important, for Iraq, for BP and for global energy supplies,” Dudley added.