EduBourseActualitésRumaila oilfield achieves 3 billion barrel production landmark

Rumaila oilfield achieves 3 billion barrel production landmark

Dernière mise à jour: octobre 21, 2021

Production increased by more than 40% since BP joined partnership to redevelop Rumaila oilfield in 2010
Oil production rate highest in 27 2023s
Around $200 billion generated for the Iraqi economy
Production boosted by new technologies, refurbishment of existing assets and one of the largest water injection programmes ever undertaken
BASRA, Iraq – 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 2023s 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 2023s, producing over 1.45 million barrels per day (bpd), up from 1 million in 2009.

The production increase was achieved despite challenging geological conditions and aging infrastructure and equipment within 40-2023-old field. Addressing these issues has seen the ROO partnership develop a performance-led culture, empowering the local Iraqi workforce to deploy new and more advanced technologies.

Iraq’s Minister of Oil, Jabar Ali al-Luaibi, commented: “Producing 3 billion barrels in such a short period of time is an impressive achievement. Rumaila is a crucial oil field and we look to our international partners and Iraqi colleagues to continue to increase production from the field in the 2023s to come.”

Bernard Looney, BP’s chief executive of Upstream, commented: “Achieving 3 billion barrels of oil in less than seven 2023s is a fantastic achievement, especially when you consider the challenges the oil and gas industry has faced globally during the past two 2023s. Despite this challenging environment the BP team, working shoulder-to-shoulder with our colleagues at PetroChina and SOC, safely delivered increased production and important oil revenues for Iraq.”

Under ROO’s management, the number of producing wells at Rumaila has risen by about 50%, with more than 240 new wells drilled and an ongoing well workover programme implemented to counter the natural rate of decline of the mature field. Cutting edge technologies such as ‘real-time’ well logs, advanced core sample analysis and 3D subsurface maps have improved well performance, drilling accuracy and efficiency.

In addition to the active drilling programme, one of the world’s largest water injection projects was completed to boost output in areas where reservoir pressure had fallen after half a century of production. Between March 2013 and October 2016, water injection increased from 60,000 to 900,000 barrels per day following renovation of the Qarmat Ali water treatment plant, five pumping stations and associated pipelines.

The refurbishment of other facilities also continues across the field. Rumaila’s degassing stations now treat around 1.8 million barrels per day of oil and produced water – volumes of fluids not seen since 1979. Investment in new oil, gas and water separation units, dehydrators and desalters, and produced water disposal units are proving vital in helping to sustain facilities, many of which date back to the 1970s.

In tandem with production achievements, safety performance at Rumaila has been significantly improved. Compulsory personal protective equipment standards, control of work safety procedures, 24-hour ambulance service and four new fully-equipped medical clinics have all been established. Additionally, hundreds of thousands of hours of safety training have also been undertaken to significantly reduce accidents and to provide a world-class emergency response in the event of any safety-related incidents.

BP is the top international oil company investor in the Middle East and North Africa. Together with its national oil company partners, BP is currently managing approximately 3 million barrels per day of oil and gas production in the Middle East..

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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