Asset Report
Rumaila
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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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