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.
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 30 year-high. It has also produced above 1.2 million bpd for seven consecutive years for the first time in the field’s history.
ROO has produced over 4 bn barrels of oil in little over eight years – providing the state of Iraq with around $300billion of revenue