Thursday, 26 Jul 2012
Iraq - Rumaila Oil Field (HVO IRQ-10)
Rumaila is a giant (estimated 16 billion barrel reserves) oil field located in Southern Iraq approx. 20 km from the Kuwait border. The field makes up around 40% of Iraq oil production and there around 200 wells operating at Rumaila. In 2010 the field was producing around 1 million barrels of oil a day and BP and CNPC intend to raise the production to 2.85 million barrels a day within the next 5 years. Once reached Rumaila will be the second largest oil field in the World after Ghawar in Saudi Arabia.
BP & CNPC are investing circa $15 billion over 5 years to develop this field and increase production. Particular areas of interest include operations, projects, sub-surface, well services, environmental & training.
Activities are focussed on further developing the UK supply chain through targeted events such as share fairs.
High Value Opportunities (HVO) Programme
The High Value Opportunities Programme identifies large scale overseas projects offering the most value to UK Plc and aims to provide an intensive level of support to help UK businesses win contracts in and around these opportunities. Find out more.
Opportunity Type: Major Projects