Iraq lowers Rumaila’s oil production target due to project’s complexity: BP executive
Iraq has lowered the production plateau target of its biggest oil field Rumaila to 1.7 million b/d from 2.1 million b/d owing to complexities associated with the project where BP and PetroChina are lead contractors, the head of BP Iraq told S&P Global Commodity Insights in a recent interview. Rumaila currently produces around 1.4 million b/d, and partners in Rumaila Operating Organization are in talks with the oil ministry over the timeline for reaching the plateau target, Zaid Elyaseri said in a recent interview in Baghdad. “Obviously, there have been ...
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