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November 24, 2021updated 27 Apr 2022 12:08pm

Majnoon Conventional Oil Field, Iraq

By Carmen

Majnoon is a producing conventional oil field located onshore Iraq and is operated by Basra Oil. The field is located in block Majnoon Contract Area.

An expansion project is associated with the Majnoon, namely Majnoon Development. This project is currently in the construction stage, expected to start in 2023.

Field participation details

The field is owned by Ministry of Oil and Iraq.


Production from Majnoon

The Majnoon conventional oil field recovered 11.81% of its total recoverable reserves, with peak production expected in 2050. The peak production will approximately 447.75 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2089. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 6,381.02 Mmboe, comprised of 6,381.02 Mmbbl of crude oil & condensate. Majnoon conventional oil field reserves accounts 1.38% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Majnoon conventional oil field

Some of the key contractors involved in the Majnoon project as follows.

Main EPC: China Petroleum Engineering, KBR and Petrofac

EPC Contractors: Hyundai Motor Group

Other Contractors: Anton Oilfield Services Group, Hilong Holding, IBS Software Services, Iraq Drilling and Iraqi Drilling

About Basra Oil

Basra Oil Co (BOC) formerly known as South oil company is a state-owned oil and gas company in Iraq. The company explores and produces crude oil and natural gas. Its services include drilling works, building and expanding production facilities and implementing investment projects. The company also operates in developing fields in Luhais, Saba, Nuhran Ben Ummer. BOC’s oil fields in Maysan layout export the pipeline, expanding export facilities and infrastructure sites. The implementing investment projects are associated with the natural gas fields in the north and south Rumaila. It was formerly known as The State National Institution for Oil. BOC is headquartered in Basrah, Iraq.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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