Majnoon is a producing conventional oil field located onshore Iraq and is operated by Basra Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Majnoon Contract Area. Buy the profile here.
An expansion project is associated with the Majnoon, namely the Majnoon Development. This project is currently in the construction stage, expected to start in 2026.
Field participation details
The field is owned by Ministry of Oil and Iraq.
Production from Majnoon
The Majnoon conventional oil field recovered 12.73% 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 2095. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 6,340.37 Mmboe, comprised of 6,340.37 Mmbbl of crude oil & condensate. Majnoon conventional oil field reserves accounts 1.41% 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: Petrofac, KBR and China Petroleum Engineering
EPC Contractors: China National Petroleum and Hyundai Engineering & Construction
Other Contractors: Chart Industries, IBS Software Services, Anton Oilfield Services Group, Hilong Holding and Azku
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.
For more details on the Majnoon Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
