Rumaila Field Operating Organization
Encyclopedia
Rumaila Field Operating Organization (ROO) is an international petroleum
company based in Iraq
.
, CNPC and State Oil Marketing Organization (SOMO)
to manage the 20 year rehabilitation and expansion of Rumaila oil field in southern Iraq. The company will hire mainly local employees to oversee the operations and will include only a smaller number of technical experts and managers from the operator of the project BP and its partner CNPC. The operations of the company will start in July 2010.
BP, CNPC had earlier signed a contract with SOMO in late 2009 to develop and increase production at Rumaila field.
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
company based in Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....
.
Overview
Rumaila Field Operating Organization is founded by BPBP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
, CNPC and State Oil Marketing Organization (SOMO)
SOMO
State Oil Marketing Organization is an Iraqi National Company responsible for marketing Iraq's oil. It is headquartered in Baghdad, Iraq....
to manage the 20 year rehabilitation and expansion of Rumaila oil field in southern Iraq. The company will hire mainly local employees to oversee the operations and will include only a smaller number of technical experts and managers from the operator of the project BP and its partner CNPC. The operations of the company will start in July 2010.
BP, CNPC had earlier signed a contract with SOMO in late 2009 to develop and increase production at Rumaila field.