Rumaila oilfield (Iraq) achieves 3 billion barrel production landmark

The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, today announced that the Rumaila oilfield has produced three billion barrels 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 dollars in revenue. Oil production at Rumaila is now at its highest rate in 27 years, producing over 1.45 million barrels per day (bpd), up from 1 million in 2009. ….