The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately from the Kuwaiti border. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves estimated at 143.1 billion barrels. Rumaila is said to be the largest oilfield ever discovered in Iraq and is considered the third largest oil field in the world.