Iraq aims to double Majnoon output in two years
Instead of seeking an IOC to replace Shell, the Oil Ministry is relying on Basra Oil Co. - and foreign service subcontractors - to develop Majnoon.
A view of the Majnoon central processing facility on Jan. 28, 2018. (JASSIM AL-JABIRI/Iraq Oil Report)
BASRA - The Basra Oil Company (BOC) is preparing an aggressive, Iraqi-led effort to develop the Majnoon field after Royal Dutch Shell decamps in June, with plans to double production before deciding whether another foreign oil company will win an operating role.
Multiple companies – including Total, Chevron, BP, PetroChina and Eni – have expressed interest in replacing Shell, which announced in September 2017 that it was giving up its stake in the Majnoon technical service contract that it won in a 2009 bidding round.
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