BP touts success at Iraq's oil fields

Nov. 5, 2010 at 10:43 AM
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BASRA, Iraq, Nov. 5 (UPI) -- Workers at the Rumaila oil field in Iraq set an "extraordinary pace" of development during October, Iraqi workers for British energy company BP said.

BP selected oilfield services provider Schlumberger, through a partnership with the Iraqi Drilling Co., Petrochina subsidiary Daqing Drilling and U.S. drilling company Weatherford, to provide work on rigs at Rumaila.

The company touts the giant field near the southern port city of Basra as one of the largest in the world. BP said activity at the Rumaila oil field in the south of Iraq reached its highest level since the company was awarded a contract to work there in 2009.

"We are setting an extraordinary pace," Salah Mohammed, the general manager at Rumaila, said in a statement. "Not only are we increasing production but we are also building a great new team, introducing better reporting of safety and environmental incidents, and taking actions to begin to improve safety in particular."

Iraq emerged from its second round of oil auctions in December with plans to rival Saudi Arabia in terms of oil production.

Iraq sits on an estimated 115 billion barrels of crude oil reserves and much of the country is underexplored. The Rumaila oil field near the southern Iraqi port city of Basra could produce at least 1 million barrels of oil per day.

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