Type Private Founded 2010 Website www.rumaila.iq | Industry Petroleum Headquarters Rumaila oil field | |
Founder BP,
CNPC,
South Oil Company | ||
Rumaila Operating Organization (ROO) is an international petroleum company based in Iraq.
Overview
Rumaila Operating Organization was founded by BP, CNPC and South Oil Company (SOC) to manage the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq. The company planned to hire mainly local employees to oversee the operations, with a smaller number of technical experts and managers from BP and CNPC. The operations of the company were scheduled to begin in July 2010.
BP (38% ownership, headquartered in UK) and CNPC (37%, China) had earlier signed a contract with SOC (25%, Iraq) in 2009 to develop and increase production at Rumaila field, Iraq's largest.
References
Rumaila Operating Organization Wikipedia(Text) CC BY-SA