View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
March 29, 2010

Shell to Ramp Up Majnoon Output

Shell said it aims to increase production at its Iraqi Majnoon oilfield by 2012. The oilfield is currently producing 45,000boepd, which Shell aims to boost to 175,000boepd. Earlier this year, Shell and Malaysia's Petronas signed a contract to develop Iraq's largest oilfield.

By cms admin

Shell said it aims to increase production at its Iraqi Majnoon oilfield by 2012.

The oilfield is currently producing 45,000boepd, which Shell aims to boost to 175,000boepd.

Earlier this year, Shell and Malaysia’s Petronas signed a contract to develop Iraq’s largest oilfield.

Royal Dutch Shell New Business LNG vice-president Mounir Bouaziz said that the eventual production target is 1.8 million bpd.

The Majnoon oilfield is estimated to hold 12.6 billion barrels of oil and is considered one of the biggest oilfields in the world.

Iraq has a 25% stake in the project, while Shell and Petronas hold 45% and 30%, respectively.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology