Rumaila Operating Organization

The Rumaila Operating Organization (ROO) announced that Iraq’s Rumaila field has produced 3 billion bbl of oil since the ROO joint venture (JV) started up in January 2010. Rumaila has increased production from 1 million B/D in 2009 to more than 1.45 million B/D today, said lead JV contractor BP. Under ROO, the number of producing wells at the mature field has risen by about 50%. More than 240 new wells have been drilled, and a well workover program has countered the field’s natural decline rate. The JV consists of BP (38%), China National Petroleum Company (37%), and South Oil Company of Iraq (25%).