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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 ...
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Oil & Gas Basra: 2010 Exploration & production S A State Organization for Marketing of Oil: Industrials Business support services Baghdad: 1972 Oil marketing S A South Oil Company: Energy Oil & Gas Basra: 1970 Exploration & production S A Trade Bank of Iraq: Financials Banks Baghdad: 2003 S A UR Airlines: Civil aviation Airlines Baghdad: 2019 ...
By this time the Mosul Oil Company was already operated by IPC, and when the company was granted a third concession in 1938 the Basrah Petroleum Company was created to develop assets in Iraq's southern regions. [2] The Red Line Agreement lasted until 1948 when two of the American partners broke free.
In October, 2011, the South Oil Company awarded two contracts worth US$518 million and US$79.85 million to Leighton Offshore for delivery in January, 2013 with a scope of work running in parallel with Phase 1 that includes: [22] [26] [27] [28]
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 ...
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