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Basra Oil Company (BOC) (Arabic: شركة نفط البصرة), formerly Iraqi South Oil Company, [1] is a national Iraqi company responsible for the oil in the south of Iraq. It is situated in Basra. BOC is one of the major fundamental formations of the Iraq National Oil Company (INOC). It was the first nucleus and the basis of national direct ...
The Rumaila oil field is a super-giant oil field [1] located in southern Iraq, approximately 50km to the south west of Basra City. [2] Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), [3] [4] [5] the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves, estimated at 143 billion barrels.
Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late ...
It was discovered in 1950 and developed by Basrah Oil Company. It will begin production in 2018 and will produce oil . The total proven reserves of the Ratawi oil field are around 10 billion barrels (1.6 × 10 9 m 3 ), and production will be centered on 250,000 barrels per day (40,000 m 3 /d).
The Az Zubair Field (Arabic: حقل الزبير), also known as Az-Zubayr, is an oil field located in southern Iraq, west of Basrah. It is one of the largest fields in the world and was discovered by the Basrah Petroleum Company, an associate [a] of the Iraq Petroleum Company, in 1949. Zubair was the first field developed by the company on a ...
ABOT was originally named Mīnā' al-Bakr Oil Terminal and was designed and commissioned into service by Brown & Root in 1974 with a design lifetime, with proper maintenance, of 20 years. [8]
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According to the Oil and Gas Journal, Iraq's proven natural gas reserves are 112 trillion cubic feet (Tcf), the tenth largest in the world. An estimated 70 percent of these lie in Basra governorate in the south of Iraq. Probable Iraqi reserves have been estimated at 275–300 Tcf, and work is currently underway by several IOCs and independents ...