Iraq's ROO digs 250 new oil well in Rumaila field
The Rumaila Operating Organisation (ROO)
Baghdad - Omar El Sewedy
The Rumaila Operating Organisation (ROO), affikiated to the South Oil Company, announced digging new 250 oil wells in Rumaila oilfield by the authority that undertook to operate the oilfield in Basra province.The company reported that the production of these fields reached 610.000 b/d, which represents 24% of the field's production. Rumaila oilfield , invested by BP oil company is the biggest of oilfields in Iraq which has a major role in Iraqi oil exports.
The ROO, composed of BP, PetroChina and the South Oil Company of Iraq, has announced that Rumaila oil field has produced 3 Bbbl of oil since the joint venture began operating in January 2010.
During the past six years, the oil produced from Rumaila has provided the Iraqi state with an estimated $200 billion in revenue. Oil production at Rumaila is now at its highest rate in 27 years, producing over 1.45 MMbpd, up from 1 MMbpd in 2009.
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