Production
As of October 2012, the field produces 1,330,000 barrels per day (211,000 m3/d) making up 40% of Iraq's oil production of 2.4 million barrels per day (380,000 m3/d). Currently ~270 production wells are operating at Rumaila. BP and CNPC intend to raise the production to 2.85 million barrels per day (453,000 m3/d) within the next six years. Once this production milestone is reached, Rumaila will become the second largest oil field in the world after the Saudi Arabian Ghawar oil field.
- Drilling contracts
In early 2010, BP subcontracted deals valued at around $500 million to Weatherford International, consortium of Schlumberger and Iraqi Drilling Co, and Daqing Oilfield Company Limited from China to drill 49 new wells at Rumaila. Weatherford is going to drill seven wells while partnership of Schlumberger and Iraqi Drilling Co, and Daqing Oil Field Co will drill 21 wells each.
In February 2011, Conceptual Design, Front End Engineering Design (FEED), Minimum Work Obligations and Integrated Project Management Team (IPMT) services contract was awarded to WorleyParsons
Read more about this topic: Rumaila Oil Field
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