Asset Report
Rumaila
Report summary
Rumaila has been the backbone of Iraq's production for over six decades. Located in the province of Basra, production peaked at 1.7 million b/d in the late-1970s. However, a lack of investment caused production to decline to 1 million b/d by 2009. The Rumaila Operating Organisation, comprising BP, CNPC and Iraq's State Oil Marketing Organisation (SOMO), was awarded a Technical Service Contract (TSC) to redevelop the field in 2009. In November 2021, BP and CNPC spun off their ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Issues common to the southern oil developments
- Issues specific to Rumaila
- Location maps
- Participation
-
Geology
- Zubair formation
- Mishrif formation
- Source rocks
- Other reservoirs
- Well data
-
Exploration
- Technical Service Contract
-
Reserves and resources
- Oil
- Gas
- Condensate
-
Production
-
Oil
- 1954 - 2010
- Post-2010
- Gas
- Natural Gas Liquids
- Emissions
-
Oil
-
Development
-
Key Development Metrics
- Wells
- Processing facilities
- Water injection
- Supplier information
- Greenfield Mishrif expansion (excluded from our commercial base case)
- North and South Rumaila
-
Technical Service Contract
- Brownfield development (rehabilitation phase)
- Greenfield development (enhanced redevelopment phase)
- Water injection
-
Historical development
- Pre-2003
- 2003 - 2010
-
Key Development Metrics
-
Infrastructure
-
Oil transport infrastructure
- Southern export system
- Strategic pipeline
- Gas transport infrastructure
-
Oil transport infrastructure
-
Costs
- Capital costs
- Operating costs
- Sales contracts
-
Fiscal and regulatory
- Signature bonus
- Training fee
- Service fees
- Cost oil
- Remuneration fees
- Performance factor
- Corporation tax
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
-
Economic analysis
- Cash flow
- Indicative technical valuations
Tables and charts
This report includes 25 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Geology: Table 1
- Geology: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production Profile
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Economic analysis: Table 4
- Infrastructure: Table 1
What's included
This report contains:
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