Production at Iraq's supergiant Rumaila oilfield has exceeded the 10 percent increase required for developers BP and China's CNPC to start recovering investment costs, oil and company officials said on Tuesday.
Britain's BP said in a statement production had increased by more than 10 percent above the 1.066 million barrels per day (bpd) baseline production rate agreed on in December 2009.
A South Oil Company document, obtained by Reuters, showed production at the oilfield -- one of the world's largest -- actually reached 1.27 million bpd on Dec. 26, 2010, and an industry source said that level was still being pumped.
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