IRAQ

 

Iraq’s Rumaila Down By 200,000 B/D As Water Content Rises

 

The BP-led consortium developing the super-giant Rumaila oil field in southern Iraq has had to cut production by 200,000 b/d to 1.2mn b/d in recent weeks because of high water cut in some of the northern reservoirs. However, the decline has been offset by a significant increase in output from  West Qurna-2, where output at the field being developed by a consortium led by Lukoil this week surged above...