Aerial view of two red and two green oil tankers stationed at a port near Basra

Rumaila: Iraq's greatest source of revenue

As a state-owned oilfield, this is Iraq’s oil. The oil produced by Rumaila goes direct to the state, to be sold on the international market, as well as used domestically.

And as Iraq’s largest producing field – generating a third of the country total oil output – this one field has a great responsibility to deliver the resources that drives the national economy.

ROO impact

In June 2010, Rumaila’s daily average oil production rate was 1.066 million barrels per day (bpd) and falling. Under ROO’s stewardship, Rumaila’s production by January 2018 stood at 1.456 million bpd and rising: a 37% increase.

This has been achieved in the face of what would otherwise be a steadily declining field, due to declining reservoir pressure and increased water cut (the ratio of water produced, compared to the volume of total liquids produced), coupled with recoverable oil proving harder to reach.

Under ROO management, production is at a 28 year-high. It has also produced above 1.2 million bpd for six consecutive years for the first time in the field’s history.

ROO has produced over 3.5 bn barrels of oil in little over seven years – providing the state of Iraq with over $200 billion of revenue.
Two members of the workforce in blue coveralls and PPE looking and pointing at an oil rig in the distance at the oilfield

Working in times of austerity

Despite cuts forced by national austerity, Rumaila continues to progress, with daily production reaching consistently high levels not seen since the 1980s, as Rumaila benefits from the strong foundations put in place by the ROO partnership. And, after eight years of working together as one team, the operation is able to make efficiencies where it matters and responsibly manage precious resources.

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