Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Shell, operator of the consortium developing Iraq’s Majnoun oil field, has awarded an EPC contract as it prepares to ramp up production towards a possible 1mn b/d reduced plateau target. While oil is now flowing after a costly delay, Shell recently revealed that all the associated gas from the 12bn barrel Majnoun field is being flared. Shell has a 45% stake in the long-term technical service contract (TSC) with Malaysia’s Petronas (30%) and Iraq’s Misan Oil (25%).
A Dubai-based joint venture of Foster Wheeler and Kentz won two-year contracts, with an optional year extension, to provide a framework for a number of packages of work on new facilities and rehabilitation or upgrade of existing facilities, the JV said. (CONTINUED - 793 WORDS)