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BP says Iraqi oilfield progressing well

BP says Iraqi oilfield progressing well

BP PLC has given an upbeat assessment of progress at its Rumaila oilfield in southern Iraq, saying October has seen the highest level of activity at the site since it won the state contract last June.
BP said Thursday that it is focusing on improving oil production from existing wells, bringing new wells on stream and ensuring flowlines and other field infrastructure is tied in to support increased production.
The Rumaila field near Basra _ the country's largest _ has estimated reserves of 17.8 billion barrels of oil and is being developed by BP and its partner CNPC of China.
Current production from the field is around one million barrels of oil per day.


Updated : 2021-07-25 18:09 GMT+08:00