Amec Foster Wheeler has announced today that it has been awarded a framework agreement by BP Iraq to complete conceptual studies and pre-front end engineering design (FEED) work.
The contract has a duration of three years and aims to support BP plans to sustain and increase production at the Rumaila oil field, in Iraq.
“We undertook a number of studies on the Rumaila field back in 2010 and this latest framework agreement recognises our conceptual and pre-FEED expertise and continues our strong relationship with BP and our track record in Iraq,” Amec Foster Wheeler’s Group President for Asia, Middle East, Africa and Southern Europe, Robert Penno, said.
Amec FW Wins BP Engineering Work
“We are looking forward to supporting BP in realising its objectives for the Rumaila field,” Penno added
The international engineering and project delivery firm will carry out engineering studies for facilities and infrastructure that are crucial for the Rumaila field to sustain and increase production, it informed in a statement.
Rumaila is one of the world’s largest oil fields and the largest producing field in Iraq. Located in the southern region of Iraq, it has been producing since 1954.
According to figures disclosed by BP, in 2014, average daily production was at 1.34 million barrels per day (bpd), compared to 950,000 bpd in 2010. Rumalia currently delivers more than one third of Iraq’s oil.
Iraq: Oil Output On The Rise
According to the latest BP Statistical Review for World Energy 2016, oil production rose in Iraq by 22.9% in 2015, reaching a record high of 4 million bpd. The Review, published on June 8, partly attributes the downfall in prices in end-2015 to a strong growth in oil production in the country.
In the meantime, Iraq’s Kurds have said they are set to strike an agreement with the central government to increase oil exports if revenue of US$1 billion can be guaranteed, which represents more than double what they currently make from selling oil.
BP’s Rumaila Oil Field Video