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Rumaila oilfield service contract signed in Iraq
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Rumaila oilfield service contract signed in Iraq
Keyword:
Publish time:
4
th
November, 2009
Source:
CNPC
Information collection and data processing: CCM For more information, please
contact us
On November 3, a service contract for Rumaila oilfield was signed between CNPC, BP and Iraq's State Oil Marketing Organization (SOMO) in Baghdad.
Under the contract, BP (38 percent), CNPC (37 percent) and SOMO ( 25 percent) agreed to establish a consortium within 30 days and to take over oilfield operation in a year. Also, BP and CNPC will get involved in the oilfield's production within six months after the contract come into force, to boost Rumaila's capacity to 2.85 million barrels of oil a day in six year period.
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