Private | |
Industry | Petroleum |
Founded | 2010 |
Founder |
BP, CNPC, South Oil Company |
Headquarters | Rumaila oil field |
Website | www.rumaila.iq |
Rumaila Operating Organization (ROO) is an international petroleum company based in Iraq.
Rumaila Operating Organization was founded by BP, CNPC and South Oil Company (SOC) to manage the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq. The company planned to hire mainly local employees to oversee the operations, with a smaller number of technical experts and managers from BP and CNPC. The operations of the company were scheduled to begin in July 2010.
BP (38% ownership, headquartered in UK) and CNPC (37%, China) had earlier signed a contract with SOC (25%, Iraq) in 2009 to develop and increase production at Rumaila field, Iraq's largest.