News and Analysis
Rumaila to add 100,000 to flows
Iraq's Rumaila oilfield will begin producing an extra 100,000 barrels per day by the beginning of July 2010
February 01, 2010: Supermajor BP and China National Petroleum Corporation (CNPC) signed a 20-year development contract last year for Rumaila, which has 17 billion barrels of estimated crude reserves and is the workhorse of Iraq's oil industry.
"I expect we will get 100,000 barrels additional production from Rumaila field at the beginning of July," Falah Alamri, the head of the State Oil Marketing Organisation (Somo), told an economic conference in the Iraqi capital, Reuters reported.
CNPC said in December that it expected to begin work on Rumaila soon. BP and CNPC expect to increase Rumaila's output to 2.85 million bpd. Baghdad and the two companies agreed that the field had a baseline production of 1.066 million bpd.