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A Technical
Service Contract was signed between BOC, BP, PetroChina and SOMO in 2009, detailing the establishment of ROO, and triggering the introduction of new technologies and infrastructure, training and equipment of staff, and an extensive drilling and expansion program at the Rumaila oilfield.
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BP (38% ownership, headquartered in UK) and PetroChina (37%, China) had earlier signed a contract with SOC (25%, Iraq) in 2009 to develop and increase production at
Rumaila field, Iraq's largest. In June 2022, with approval from the Government of Iraq, BECL assumed the lead contractor role at the
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Rumaila
Operating Organisation planned to hire mainly local employees to oversee the operations, with a smaller number of technical experts and managers from BP and CNPC. The operations of the company were scheduled to begin in July 2010. Plans by the consortium detailed the spending of more than
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ROO is the operator, Basra Energy
Company (BECL) is now the lead contractor. BECL is wholly owned by BP and PetroChina, and owns and manages the companies' interested at the Rumaila oilfield in Iraq.The agreement was extended in 2014 so that it now runs until 2034.
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In April 2022 ROO reported a production of 1,348,000 barrels per day (214,300 m/d) for the year 2021. It was the highest annual rate of production for 30 years. In 2021, the milestone of 5.0 billion barrels (790,000,000 m) of oil was also reached.
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For several years after 2012 ROO co-operated with the charity organization AMAR to support vulnerable people in the south of Iraq. The first project of this partnership was distributing food packages to over 1.000 families in need during the festival of
226:
ROO also finances and runs The
Rumaila Social Welfare Fund (SWF) and the Rumaila Education Fund (REF), providing different forms of support, training, education, health and infrastructural aids to communities surrounding the Rumaila oilfield.
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stations were renovated, environmentally accessed and land cleaned up. The connecting infrastructure, new roads, maintenance buildings, staff and office buildings were erected around the same time period and a new cluster pump station and
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work at
Rumaila, assisted by over 100 experts from BP and PetroChina. Another estimated 35,000 locals are involved in operations at Rumaila through contractors, operating throughout the entire value and supply chain.
187:) and were reached in December 2010. By 2014, the production consistently ran over 1.3 million bpd and by January 2017 it had reached over 1.4 million bpd. Production since 2010 has increased by over 35%.
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A new round for bidding of southern oil-fields in Iraq was first announced in 2008, following several years of turmoil due to the war and resulting in political and military unrest.
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Rumaila oilfield, under the existing
Technical Services Contract to enable continued and optimized investment in the field, including enhanced access to external financing.
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146:. Current estimations of Rumaila's total reserves lie around 17 billion barrels. Production from the field is around one third of the country's total oil output.
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Under ROO, the field has produced around 5 billion barrels of oil in total, generating a revenue of around $ 500 billion.
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100:(ROO) is the operator of the Rumaila oilfield in Iraq, one of the largest in the world. ROO is a joint venture between
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in July 2013. ROO also supports initiatives of emergency relief and health care, and strengthens local communities.
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Initial production targets were set to raise the average daily production from 1.06 to 1.2 million barrels per day (
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have also been built. Today the field has around 550 producing wells and 150 injection wells.
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is part of the so-called class of super-giant oilfields, with more than one billion
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Since construction began in 2010, more than 500 new wells have been drilled and 14
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347:"Confrontation in the Gulf; The Oilfield Lying Below the Iraq-Kuwait Dispute"
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The field is located in
Southern Iraq, around 30 miles (50km) from
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401:"Oil majors close to agreeing cuts in Iraqi production targets"
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259:. 2009-11-03. Archived from the original on April 19, 2013
723:. 2009-11-03. Archived from the original on July 22, 2012
253:"BP and CNPC to Develop Iraq's Super-Giant Rumaila Field"
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15 billion, between 2010 and 2020, to develop the field.
908:"Encouraging and supporting enterprise beyond the field"
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806:"Iraq Projects $ 100 Billion Investment in Oil Fields"
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717:"CNPC and BP to Rejuvenate Iraq's Rumaila Oilfield"
318:"Iraq National Oil Company Nears Desert Production"
120:, the State Oil Marketing Organization (SOMO) and
584:"Few Bidders to Develop Iraqi Oil and Gas Fields"
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667:"Modernizing one of the world's great oilfields"
479:"Marine Corps Removes a Field Commander in Iraq"
153:border and played an important role in the 1990
112:Rumaila Operating Organization was founded by
832:"Baghdad bureaucracy stymies BP's ambitions"
559:"Rumaila: Iraq's greatest source of revenue"
983:"Basra: a centre of oil and gas expertise"
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780:"Iraq's Oil Patch Opens the Spigot"
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505:"Confused Start, Decisive End"
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98:Rumaila Operating Organisation
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1083:Oil and gas companies of Iraq
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958:"Working with our community"
758:. Iraq Directory. 2010-06-21
692:"Rumaila: A new partnership"
16:Iraq-based petroleum company
7:
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69:State Oil Marketing Company
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531:"A rare super-giant field"
740:: CS1 maint: unfit URL (
427:"No Booty for Iraq. None"
276:: CS1 maint: unfit URL (
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66:(now Basra Oil Company)
810:The Wall Street Journal
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90:http://www.rumaila.iq
887:Basra Energy Company
838:. February 23, 2014
786:. November 11, 2010
640:The Washington Post
509:The Washington Post
483:The Washington Post
457:The Washington Post
324:. December 13, 1971
21:
937:Iraq Business News
812:. October 19, 2011
736:cite press release
616:. February 3, 2009
614:The New York Times
588:The New York Times
431:The New York Times
407:. December 3, 2013
351:The New York Times
322:The New York Times
272:cite press release
161:and following the
159:2003 Iraq invasion
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719:(Press release).
255:(Press release).
136:Rumaila oil field
126:Rumaila oil field
122:Basra Oil Company
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890:. Retrieved
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883:"About BECL"
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76:Headquarters
25:Company type
1039:Iraq portal
1017:February 4,
942:February 4,
892:24 November
1077:Categories
867:August 24,
842:August 24,
816:August 24,
790:August 24,
762:2016-04-24
727:2016-04-24
701:August 16,
676:August 24,
646:August 16,
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357:August 16,
328:August 16,
302:August 16,
263:2016-04-24
239:References
118:PetroChina
59:PetroChina
192:degassing
37:Petroleum
163:Iraq war
155:Gulf War
151:Kuwait's
108:Overview
33:Industry
233:Ramadan
140:barrels
86:Website
51:Founder
43:Founded
28:Private
433:. 1990
353:. 1990
211:Iraqis
157:, the
71:(SOMO)
1019:2020
994:2018
969:2018
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919:2018
894:2023
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818:2018
792:2018
742:link
721:CNPC
703:2018
678:2018
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278:link
130:Iraq
46:2010
185:bpd
142:of
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