Shell hands over the Majnoon field operations to the Iraqi government
Shell hands over the Majnoon field operations to the Iraqi government
2018/6/27 12:30
(Reuters) – Oil giant Royal Dutch Shell has pulled out of the Majnoon oil field and handed over all its operations there to the state-run Basra Oil Company, two oil industry officials said on Wednesday.
Officials from Shell and Basra oil met on Wednesday to complete Shell’s exit and hand over the giant Majnoon field.
“The delivery was smooth without any problems,” an Iraqi oil official told Reuters after the meeting.
Iraq was signed by the Ministry of Oil, on April 5, a two-year contract with the British companies Petrofac and Anton Oil Field to operate the field of Majnoon oil in Basra, as part of the effort to raise the production capacity of the field, to 450 thousand barrels per day as a first stage, to reach one million barrels Daily or more later.
The two companies are set to operate the field in the south of the country on behalf of the Basra oil company owned by the Iraqi government, which receives the operations department there from Royal Dutch Shell, which announced its intention to leave the field at the end of June, “explaining that” Anton and Petrofac can be renewed after two years. ”
The Majnoon oil field located on the southern border of Iraq, the largest oil fields in the world, and estimated reserves of about 42 billion barrels of crude oil, and about 4.5 trillion cubic feet of gas, while the current production of about 235 thousand barrels per day , 70 million cubic feet of gas, b A basic form in the supply and supply of Rumaila power station
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